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National Atomic Company Kazatomprom JSC GDR RegS ( (NATKY) ) has issued an update.
Kazatomprom, the leading uranium producer, has signed its first contract with Switzerland’s Axpo Power AG and Kernkraftwerk Leibstadt AG to supply natural uranium concentrates for Swiss nuclear power plants. This strategic partnership underscores Kazatomprom’s efforts to diversify its sales channels and strengthens its position in the global uranium market, while also supporting energy security and decarbonization initiatives in Switzerland.
More about National Atomic Company Kazatomprom JSC GDR RegS
Kazatomprom is the world’s largest producer of uranium, accounting for approximately 20% of global primary uranium production in 2023. With a vast reserve base and operations centered in Kazakhstan, the company uses ISR technology to extract uranium while adhering to high health, safety, and environmental standards. Its securities are listed on the London Stock Exchange and the Astana International Exchange, and it primarily serves nuclear power plant operators across major markets including China, South and Eastern Asia, Europe, and North America.
YTD Price Performance: 2.07%
Average Trading Volume: 720
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.73B
Learn more about NATKY stock on TipRanks’ Stock Analysis page.
