Stay up to date with the latest news
Subscribe to our telegram channel
China to buy uranium for US$800m in Uzbekistan by 2022
Tashkent, Uzbekistan (UzDaily.com) --
China is planning to purchase low-enriched uranium for US$800 million from Uzbekistan by 2022, the RIA Novosti reported quoting source, who knows the situation.
The agreement on supply of uranium for 2014-2015 and further till 2021 was signed and its cost is estimated at US$800 million at current prices, the source said without clarifying the actual supply volume.
The source said that China’s CGNPC and Uzbekistan’s Navoi Mining and Metallurgy Combine (NGMK) signed the contract on supply of uranium.
Earlier, customs department of China reported that Uzbekistan became the second largest exporter of uranium to China, after Kazakhstan. In 2013, Uzbekistan increased supply of uranium by 1.9 times to 1,663 tonnes.
LATEST NEWS