Kazakhstan state uranium miner Kazatomprom said on 28 November that its third-quarter pretax profit more than doubled as the result of significantly higher uranium spot prices and volumes sold.

The world’s leading uranium producer reported a pretax profit of 222.08 billion Kazakh tenge ($441m, €417m), compared with 99.25 billion tenge it booked in the same period last year. Revenue rose 78% to 437.73 billion tenge.

This was largely driven by a 24% increase in volumes sold externally and the average price realised rising 26% on year due to significantly higher market uranium prices.