Kazakhstan intends to establish a strategic uranium reserve of at least 150,000 tonnes by 2050. Atomic Energy Agency chairman Almasadam Satkaliyev outlined the plan at a parliamentary committee meeting on November 2, according to Kazinform’s correspondent.
The proposed multilayer structure would include uranium resources in the ground, physical stocks of natural uranium and fabricated nuclear fuel. The entire headline amount therefore should not be interpreted as material already purchased and placed in warehouses.
Kazakhstan’s government had previously ordered work on a reserve for the country’s future nuclear-power sector. The latest statement gives that work a long-term quantitative target.
The method and timetable for building the reserve will matter for the market. Setting aside resources in the ground differs from buying mined uranium or manufacturing reactor fuel. Without a breakdown of the 150,000 tonnes across those categories, it is premature to calculate an immediate impact on exports, uranium supply or government spending.
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