Kazatomprom12 Apr 2023 15:32
"Kazatomprom CEO Yerzhan Mukanov said geopolitical uncertainties and sanctions are "reshaping flows of the nuclear fuel, prompting some power producers to build inventories." He said nuclear plants in Eastern Europe are seeking contracts from 2025, ditching reliance on Russia.
"We are preparing our reserves for production, so we will be able to respond to market requests," Mukanov said in an interview in Astana.
For decades, the world has had little choice other than Russia in sourcing enriched uranium for nuclear power stations. Since the invasion of Ukraine, European countries, and even the US, are attempting to reduce their reliance on Russia's nuclear energy superstore. "