Kazatomprom Maintains Strong Position Amid Uranium Market Shifts

Credit rating agency Moody’s has affirmed NAC Kazatomprom’s Baa1 rating with a stable outlook, recognizing the Kazakh uranium producer’s strategic importance to its national economy and solid financial foundation. The company’s extensive reserve base, substantial global market share, and industry-leading low production costs were cited as key factors supporting the rating confirmation issued on September 10.

The uranium spot market currently shows a price of $76.40 per pound as of September 11. While this represents a notable 5.67% monthly gain, prices remain 4.56% below their level from one year ago. Market experts anticipate a significant price recovery, projecting levels between $90 and $100 per pound by year-end, driven primarily by growing global interest in nuclear energy as part of the world’s power generation... Read more...