Kazakh turmoil underlines need for regional diversification, says African uranium developer

The recent civil unrest in Kazakhstan – the world’s biggest producer of uranium – underscores the need for increased regional diversification of supply, says Toronto-listed developer GoviEx Uranium, which owns projects in Niger, Zambia and Mali.

In a letter to stakeholders, executive chairperson Govind Friedland and CEO Daniel Major say that the outlook for uranium has become increasingly positive and that the crisis in Kazakhstan has highlighted the potential risk to output, given the concentration of supply.

Kazakhstan, which supplies about 40% of the world’s uranium, has been rocked by major anti-government protests, which led to the resignation of the government on January 5.