Kazatomprom , the world’s No. 1 uranium miner, has started buying the metal on the spot market and may purchase more this year to replenish its stock after the coronavirus pandemic upended the global market, it said on Thursday.
Supply disruptions have accelerated the rebalancing of the nuclear fuel market, pushing up the spot price and prompting greater interest in medium- and long-term contracts, Kazatomprom executives said. "The theme of uncertainty in the uranium market persisted through the first half of 2020," CEO Galymzhan Pirmatov said on a conference call.