Kazakhstan is exploring the possibility of exporting uranium to Finland, according to a statement by Almassadam Satkaliyev, Chairman of the Kazakh Agency for Atomic Energy (AAE), during the official visit of Finnish President Alexander Stubb to Astana. The discussions focus on potential supply volumes and practical delivery arrangements for nuclear fuel to Finnish power plants.
Demand expressed by Finland
Satkaliyev noted that previous offers from the Kazakh side had generated strong interest in Helsinki. He stated that the diplomatic visit presented a favourable opportunity to initiate technical and commercial discussions on a potential partnership. The official highlighted that Finland represents a credible outlet for uranium exports, in line with Astana’s efforts to strengthen its position in the global nuclear fuel market.
Kazakhstan’s diversification strategy
Kazakhstan, the world’s largest producer of natural uranium, is seeking to expand its distribution channels to meet growing demand from European countries. This strategic direction reflects a broader effort to secure stable partnerships amid shifting energy alliances and supply flows.
Investments tied to Kazakh uranium
In parallel with these talks, British company Yellow Cake, which specialises in uranium acquisition and storage, recently raised $175mn by issuing 23 million shares to institutional investors. Part of these funds will be allocated to purchasing uranium from Kazakhstan, indirectly supporting Astana’s commercial outlook in the sector.
