Kazatomprom Targets Jump in Uranium Pellet Exports to China

Bloomberg.com reports Kazatomprom plans a jump in sales of uranium pellets to China within three years.

The market news is quoted as saying:

Kazatomprom expects shipments to the world’s largest energy consumer to grow to 200 metric tons of uranium pellets in 2013 or 2014 from the 2 tons planned this year, Chief Executive Officer Vladimir Shkolnik said in an interview in Almaty today.

China has 14 nuclear power reactors in operation, more than 25 under construction and others being prepared, according to the World Nuclear Association’s website. Kazakhstan has 15 percent of the world’s uranium reserves, the most after the 23 percent estimated for Australia, according to the website.