Shorouk Express 
ASTANA, Kazakhstan, October 20. In September
2025, the market capitalization of Kazakhstan’s national atomic
company, Kazatomprom, reached a historic high of over $14 billion,
Chairman of the Management Board Meirzhan Yusupov said during his
report to President Kassym-Jomart Tokayev, Trend reports via the press
service of the Kazakh president.
According to Yusupov, the company’s share price has increased
more than 4.5 times since its initial public offering (IPO) in
2018. He also briefed the president on the current state of the
global uranium market, trends in the nuclear energy sector, and
Kazatomprom’s strategic plans to further strengthen Kazakhstan’s
position in the global atomic industry.
Yusupov highlighted that the growing electricity demand, driven
by the rapid development of artificial intelligence technologies
and the expansion of energy-intensive data centers, is expected to
lead to a sustained increase in demand for uranium.
Furthermore, forecasts indicate that the accelerated
construction of new nuclear reactors after 2030 could result in a
structural shortage of uranium on the global market.
He said that Kazatomprom is conducting extensive work to expand
the country’s mineral resource base. In 2025, exploration began at
two new sites, with a total of six exploration projects now
underway, covering more than 1,000 square kilometers.
In addition to uranium production, the company plans to expand
into rare and rare-earth metal production, scientific research, and
the integration of artificial intelligence technologies into its
operations.
During the meeting, Tokayev issued several directives aimed at
further developing the company’s resource base, expanding
international cooperation, and increasing Kazatomprom’s
participation in socially significant initiatives.
Kazatomprom is the world’s largest producer of natural uranium,
with priority access to one of the world’s largest resource bases.
Since November 2018, the company’s shares have been traded on both
the Astana International Exchange and the London Stock Exchange.
Kazatomprom is the national operator of Kazakhstan for the export
and import of uranium and its compounds, nuclear fuel for nuclear
power plants, as well as special equipment and technologies.
