Meirzhan Yussupov says that uranium reserves in the world are quite high and, according to IAEA estimates, reach about 4.7 million tons, but the cost of production at different deposits varies greatly.
“If we look at the dynamics of supply and demand, we will see a structural deficit after 2030, and Kazatomprom will definitely not have enough to cover this difference,” he said, answering Sergey Brilev’s question on whether the world’s leading uranium producer will have enough reserves for the global market.
According to Meirzhan Yussupov, Kazatomprom is fulfilling all of its contractual obligations. In the future, the company plans to expand its uranium production and conduct follow-up geological exploration to increase its reserves.
“New players will come to the market, including small junior companies we already have, which will supply product, albeit at a different price,” he added.