Navigation Menu+

Kazakhstan 1 exporter of potassium

Forget Potassium: Kazakhstan Is Now America's Top Supplier Of Uranium

There's one thing resource downturns are good for: seeing which projects and regions are the strongest in industry.

And we got another big indication this week that there's one global leader when it comes to uranium mining.


The U.S. Energy Information Administration released a study on American nuclear supply on Tuesday. Finding that - for the first time - Kazakstan's uranium miners have become the number one supplier to U.S. nuclear reactors.

As the chart below shows, purchases of Kazakh uranium by U.S. operators jumped by 50 percent during 2014. To a total of 12 million pounds - the highest level ever.

(Click to enlarge)

That supply growth was enough to put Kazakhstan on top in terms of uranium supply to American users. Beating other go-to uranium producers like Australia (10.5 million pounds) and Canada (9.8 million pounds). Overall, Kazakhstan supplied 23 percent of total U.S. uranium demand for the year.

Looking at purchase prices, it's easy to see why Kazakh supply has become a favorite: Sale prices for uranium from Kazakhstan averaged $44.47 per pound in 2014 - well below other major suppliers, as the chart below shows.

At these prices, Kazakh uranium is out-competing Australian supply by over $3.50 per pound. Or almost 7.5 percent. A meaningful difference for a utility that's purchasing large volumes of yellowcake.

That likely means supply from higher-cost locations like Australia into the U.S. will continue to shrink. Being replaced by lower-cost production from places like Kazakhstan and Canada (which saw its uranium exports to the U.S. jump by over 25 percent in 2014).

One of the big losers here is domestic U.S. production. Which was running at world-high costs of $48.11 per pound in 2014 - the big reason that purchases dropped a notable 65 percent on the year.

You might also like
National Anthem Of Kazakhstan (With Lyrics)
National Anthem Of Kazakhstan (With Lyrics)
CS:GO Bulgaria vs Kazakhstan Game 1
CS:GO Bulgaria vs Kazakhstan Game 1
Alternate Future of Europe: Enjoy your potassium (ep. 1)
Alternate Future of Europe: Enjoy your potassium (ep. 1)


What country is the number 1 exporter of potassium?

Well, Borat says that Kazakhstan is the No. 1 exporter of potassium, but Vassilenko says the oil industry is more profitable.

Is Kazakhstan the leading exporter of potassium? | Yahoo Answers

Potassium is exported as potash (i.e., water-soluble potassium salts), and the country that produces and exports the most is Canada. One-third of world potash production comes from Canada.

Related Posts