Uzbekistan seeks to ramp up uranium production through joint ventures with China and potentially Kazakhstan while exploring the construction of a nuclear power plant.
A state-owned uranium producer in Uzbekistan is in talks with China Nuclear Uranium, also state-run, on the possibility of working together to develop a pair of mines. Navoiuran said in a p;The No.1 Energy Stock for 2024 “Deep processing of strategic raw materials and the production of industrial products based on advanced technologies are an important area for cooperation,” the president’s office said in its statement at the time.
In late February, Aigul Kuspan, who chairs the International Affairs, Defense and Security Committee in the lower house of parliament in Kazakhstan, told her colleagues that Uzbekistan had expressed interest in jointly mining and processing uranium in areas along the shared border. An initial memorandum of understanding on cooperation in the uranium sector was signed between China Nuclear Uranium and Navoiuran just a matter of days after Macron’s visit.