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World’s largest uranium miner warns Ukraine war makes it harder to supply west

Kazatomprom’s chief executive has warned that Russia’s war on
Ukraine is making it harder for the world’s largest uranium producer.
Kazatomprom’s chief executive has warned that Russia’s war on Ukraine
is making it harder for the world’s largest uranium producer to keep
supplying the west as the gravitational pull towards Moscow and Beijing
grows stronger.

Meirzhan Yussupov, chief of the Kazakh state miner, said
that sanctions caused by the war had created obstacles to supplying western
utilities. “It is much easier for us to sell most, if not all, of our
production to our Asian partners — I wouldn’t call [out] the specific
country . . . They can eat up almost all of our production, or our
partners to the north,” he told the FT.

 FT 10th Sept 2024

https://www.ft.com/content/b8b34ec4-20ca-4c00-937b-fc620ae7503e

September 12, 2024 - Posted by | Kazakhstan, Uranium

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