Kazakhstan will increase uranium exports to the USA

Kazakhstan has signed contracts with US energy companies for the supply of uranium until 2032. According to data, Kazakhstan has 12 percent of the world's uranium reserves and produced about 21,000 tons of uranium in 2022, which accounted for 43 percent of global production that year.

Kazakhstan, the world's largest uranium miner, is "actively working" to increase exports of the metal to US energy companies. This is reported by Bloomberg.

The country's Ministry of Energy announced that cooperation in the field of energy was discussed at a meeting with US Senator Steve Deyns on Tuesday. According to the ministry, the country already has Southern Co, Constellation Energy Corp. and signed contracts with companies such as Duke Energy Corp. to supply uranium products until 2032.

According to the World Nuclear Association, Kazakhstan has 12 percent of the world's uranium reserves and produced about 21,000 tons of uranium in 2022, which accounted for 43 percent of world production that year.

Demand for the radioactive metal is increasing as governments around the world turn to nuclear power as part of their climate change policies.

In addition, the United States wants to ban the import of enriched uranium from Russia, which is used to fuel nuclear reactors and weapons .