Uranium Giant Kazatomprom Soars as Supply Cuts and Stable Ownership Fuel Rally

Shares of NAC Kazatomprom, the world’s largest uranium producer, have surged to a new 52-week peak of €56.00, marking a remarkable 45.53% gain over the past twelve months. This impressive performance is being driven by two pivotal corporate decisions: a confirmed production reduction scheduled for 2026 and the firm dismissal of plans for any additional public listing.

The upward trajectory of Kazatomprom mirrors a broader resurgence in the uranium sector. Spot prices climbed to $82.63 per pound in September, representing a significant 29% increase from the low point recorded in March. This market strength is largely attributed to escalating global demand for nuclear energy. Industry projections from the World Nuclear Association anticipate a 28% rise in reactor demand by the year 2030.

Strategic Production Cap

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