NAC Kazatomprom JSC is Kazakhstan's national operator for uranium, rare metals, and nuclear-fuel-cycle products, spanning exploration, uranium mining, uranium-product production, and related research; it is not an SMR or reactor developer. Its Kazakhstan mining portfolio uses in-situ recovery technology, and it sells uranium and uranium products to nuclear-power operators under long-term, short-term, and spot contracts. In its 2026-08-03 second-quarter and half-year operations and trading update, Kazatomprom reported higher global uranium contracting activity, including first-half spot-market transactions of 30.1 million pounds U3O8 and long-term transactions of 32.5 million pounds U3O8. Kazatomprom is the world's largest uranium producer, providing approximately 40-45% of global primary uranium supply; 2025 production reached 25,839 tU (67.18 million pounds U3O8, 100% basis), up approximately 10-11% year on year. It announced a planned production cut of about 10% for 2026 (to 27,500-29,000 tU) to prioritise market balance and profitability ("value over volume"). The Inkai joint venture (Cameco 40%, Kazatomprom 60%) resumed after a brief production suspension in January 2025. New 2025 uranium supply agreements were signed with Axpo Power AG (Switzerland), ČEZ (Czech Republic) and Kansai Electric Power (Japan), and its 2025-2034 strategy emphasises sustainable growth and expansion across the nuclear fuel cycle.
Samruk-Kazyna, Kazakh Finance Ministry