5 Largest Uranium Producing Countries in the World

Page 5 of 5

1. Kazakhstan

Annual Nuclear Production: 23,270 tU

Kazakhstan stands as the undisputed titan of global uranium extraction, producing roughly nearly 39% of the supply worldwide. The state-owned enterprise, Kazatomprom, manages production primarily across the Chu-Sarysu and Syrdarya sandstone basins. The competitive edge stems from exclusive reliance on In-Situ Recovery mining. This method circulates an acid leaching solution through underground aquifers to dissolve uranium, pumping it to the surface without large-scale excavation. This keeps operational expenditures remarkably low. Tightening the market grip, Kazakhstan has passed the Subsoil Use Code amendments to grant Kazatomprom priority rights over all new discoveries.

Rio Tinto Group (NYSE:RIO) is one of the best mining stocks to buy now. The firm engages in exploring, mining, and processing mineral resources worldwide. The company owns and operates open pit and underground mines, as well as refineries, smelters, processing plants and power, and shipping facilities. Latest reports from news platform Bloomberg suggest that the firm is inviting interest from more than a dozen potential bidders for US assets that produce the critical mineral boron. Per the report, these assets could fetch $2 billion in a sale. WE Soda, the largest producer of soda ash globally, Magris Resources, a Canadian mining investment firm, and US Silica Holdings, one of the top producers of silica sand used in glassmaking and construction, are among the companies considering the purchase.

While we acknowledge the potential of RIO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIO and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Chris Rokos Stock Portfolio: Top 10 Stock Picks and Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5
1281292 - 11759070 - 1