Uranium trade has bifurcated: Q4 2024 saw approximately 80% of all uranium exports from Kazakhstan flow to China and Russia (inverse of the pattern 4 years ago), indicating a structural shift in uranium supply flows away from Western markets and toward China/Russia allies.

factualpending

Speaker

Nick Lawson

Evidence Quote

Q4 last year saw almost 80% of all uranium exports go to China and Russia but that's the inverse of where it was 4 years ago. So we are seeing a bifocation of uranium from east to west.

Source

Nick Lawson & Ben Finegold: The Uranium Squeeze & How To Play ItWealthion
Created: 8/11/2026, 6:58:12 AM

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