Canada aims to become world’s biggest uranium producer as demand soars

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Financial Times 2d ago

Canada aims to become world’s biggest uranium producer as demand soars - Financial Times

Quick Summary:

Each year, Canada exports over 80 per cent of our uranium production, making us a world leader in this market,” he said in a statement to the FT.

China is the biggest buyer of Kazakhstan’s uranium and on December 17 bought stakes in some deposits jointly developed by Kazatomprom and Rosatom, Russia’s state nuclear energy company.

By 2022, Kazakhstan produced 43 per cent of all mined uranium — the largest share globally — with Canada a distant second at 15 per cent, followed by Namibia at 11 per cent, according to the World Nuclear Association.