Average realised price also sees significant increase
Kazakhstan increased its uranium production in the first six months of 2026 by 9% year-on-year, Kazatomprom, the world’s largest uranium producer, reported on 3 August.
It said it had produced 13,291 tons of uranium oxide (U3O8) on a 100% basis in the first half of the year compared to 12,242 in the first six months of 2025.
The 100% basis figure represents all production of any entity in which Kazatmprom has an interest. Some portion of that production may be attributable to joint venture partners or other third-party shareholders.
On an attributable basis, uranium production totalled 7,054 tons in the first half of the year, up 10% year-on-year. Attributable basis accounts only for the portion of production of any entity in which Kazatomprom has an interest and corresponds to the size of that interest.
The average realised price for Kazatomprom’s transactions increased by 13% year-on-year, while the average spot price at the end of June stood at $86.83 per pound.
Kazatomprom reported sales of 6,083 tons U3O8 in January-June, down 13% year-on-year.
Meanwhile, in the second quarter of 2026, the company reported sales of 4,548 tons of uranium, up 3% year-on-year.
Kazatomprom sells uranium oxide concentrate, an intermediate product in the processing of natural uranium into nuclear fuel, under long-term contracts with only small volumes sold on the spot market.
Kazakh state fund Samruk-Kazyna owns 75% of Kazatomprom’s shares, which since 2019 have been listed on the London Stock Exchange.
