On October 15, 2024, shareholders of Kazatomprom, Kazakhstan’s national atomic company, approved the largest sale of natural uranium concentrates in the company’s history to China National Uranium Corporation (CNUC). While the exact volume was not disclosed, the deal, when combined with previous agreements with CNUC, accounts for over 50% of Kazatomprom’s total asset book value.1 Less than a month later, CNUC further expanded its
footprint in Kazakhstan by acquiring former Rosatom-held assets in the Zarechnoye uranium mine.