Kazakhstan's national uranium producer Kazatomprom has signed new natural uranium supply contracts with leading energy companies in India and China. The agreements were disclosed following a meeting on 3 November 2026 between President Kassym-Jomart Tokayev and Kazatomprom Chairman Meirzhan Yussupov. During the meeting, the company briefed the president on its operations and 2025-2034 development strategy. The deals align with Kazatomprom's strategy to diversify export markets and deepen cooperation with major nuclear industry players.
Details of the Indian and Chinese counterparties, contract values, volumes, or delivery schedules were not released. However, earlier in 2026, Kazatomprom announced a sale of natural uranium concentrate to India's Department of Atomic Energy's Directorate of Purchase and Stores. The company also signed a separate agreement with China's State Nuclear Uranium Resource Development Company (SNURDC), a subsidiary of State Power Investment Corporation, for deliveries to Alashankou railway station.
Kazakhstan remains the world's largest uranium producer, accounting for about 40% of global output in 2025. The country delivered roughly 25,839 tonnes of uranium that year, underscoring the significance of new export contracts for its economy. The contracts come as both India and China pursue nuclear expansion to meet rising electricity demand and diversify energy mixes.
Kazakhstan is simultaneously advancing its own nuclear power programme and a strategic uranium reserve targeting at least 150,000 tonnes by 2050. The country's nuclear power programme aims to increase its electricity generation capacity. Kazatomprom's new contracts with Indian and Chinese energy firms will likely contribute to the growth of its uranium exports.
The agreements with Indian and Chinese energy companies reflect Kazatomprom's efforts to expand its export market. The company's strategy to diversify export markets and deepen cooperation with major nuclear industry players is expected to drive growth. Kazatomprom's operations and development strategy were briefed to President Kassym-Jomart Tokayev during the meeting on 3 November 2026.
India's Department of Atomic Energy's Directorate of Purchase and Stores and China's State Nuclear Uranium Resource Development Company (SNURDC) are key players in the nuclear energy sector. The agreements with these companies will likely enhance Kazatomprom's position in the global nuclear fuel market. The company's fresh natural uranium deals with Indian and Chinese energy firms demonstrate its commitment to meeting the rising demand for nuclear power.
The new uranium supply contracts with Indian and Chinese energy firms mark a significant milestone for Kazatomprom. The company's growth strategy and commitment to diversifying export markets are expected to drive its future success. With Kazakhstan's uranium reserves and growing demand for nuclear power, the country's position as a major player in the global nuclear fuel market is likely to be sustained.
Key points
- Kazakhstan's state uranium producer Kazatomprom has signed new natural uranium supply contracts with leading energy companies in India and China.
- The contracts align with Kazatomprom's strategy to diversify export markets and deepen cooperation with major nuclear industry players.
- Kazakhstan remains the world's largest uranium producer, accounting for about 40% of global output in 2025.
