Kazatomprom Aims to Boost Uranium Pellet Sales to China 100-Fold

Aug 22. Bloomberg

By Nariman Gizitdinov

Kazatomprom Aims to Boost Uranium Pellet Sales to China 100-FoldKazatomprom, the Kazakhstan state nuclear company, plans a 100-fold increase in sales of uranium pellets to China within three years as the East Asian country almost triples the number of nuclear power plants it operates.

The Kazakh company 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.

Uranium oxide concentrate is enriched and turned into pellets before being used as fuel for nuclear reactors.