Top uranium miner ups output target citing bullish nuclear outlook

ALMATY, Aug 19 (Reuters) - The world's biggest uranium miner, Kazatomprom, has raised its 2024 output target, it said on Friday, citing growing demand for nuclear fuel amid global energy security concerns and the war in Ukraine.

Kazakhstan-based Kazatomprom will boost production by 2,000-3,000 tonnes in 2024, it said in a quarterly report.

"...We believe the fundamental shift in the supply-demand balance is still underway, with an illusion of endless secondary supply, creating ongoing opportunities for Kazatomprom as a primary supplier that maintains a disciplined approach," the company said.

"A key factor contributing to the improved uranium market conditions and the bullish outlook for the nuclear power sector over the past several years, has been the international debate around the social and environmental impacts of energy infrastructure," it said.