Drawing further attention to the global uranium supply-demand mismatch that we've been pounding the table onsince 2020, Kazakhstan has outlined plans to accelerate exploration andcreate a strategic reservefor the nuclear fuel.
We've repeatedly emphasized that theUS is not moving fast enoughif it hopes to secure fuel for its reactor fleet…
US Is Rapidly Expanding Its Nuclear Supply Chain: It's Not Nearly Fast Enoughhttps://t.co/gly9hVAKnr
The strategy, approved by President Kassym-Jomart Tokayev, calls for geological work on at least two new prospective deposits each year. The goal is to uncover high-potential resources while advancing development on already explored sites to refine estimates, extraction methods, and launch preparations.
Kazakhstan, the world’s top uranium producer with roughlyone million tonnes of confirmed resources (14 percent of the global total as of early 2025),operates 14 extraction enterprises across multiple regions. 12 are joint ventures with partners from China, Russia, France, Canada, and Japan.
Kazakhstan stands alongside Australia and Canada as themain source of uranium ore importsto the US...
The document emphasizes guaranteeing long-term domestic supply for future nuclear power plants, strengthening export positions, and ensuring reliable sulfuric acid deliveries for in-situ leaching. It also envisions new alternative extraction technologies and full loading of future conversion, enrichment, and fabrication facilities with domestically sourced uranium.
As we highlighted in “Why The Price Of Uranium Is About To Soar,” a widening cumulativenet deficit of 211 million pounds between 2025 and 2045, driven by reactor builds in China, Russia, and the United States, is already pushing long-term prices higher. Spot uranium recently traded near $86 per pound, with Goldman Sachs models pointing to roughly $91 by year-end 2026.
We also coveredearlier this year on howhyperscalers such as Microsoft are actively exploring uranium-backed projectsto secure zero-carbon electricity. Withdata center capex nearing $1 trillion over the last six years, data center developers have decided now is the time to check for fuel.
The hyperscalers have already outspent the most famous US megaprojectspic.twitter.com/D54qD8kO61
Source: ZeroHedge News
