“The establishment of a trading company is a response to new realities and market trends. This will allow us to respond more promptly to requests, to effectively meet customers’ needs, – said Vasily Konstantinov, the President of Uranium One Group. – The competition between traders in the field of long-term contracts on the global uranium market is growing. This is due to the fact that many world utilities have expanded their lists of potential suppliers with trading companies, which traditionally included only uranium producers before. Another market trend is the reduction of contracting period and the transition from long-term to midterm and spot contracts”.
The international mining company Uranium One consolidates foreign uranium-producing assets of ROSATOM, the Russian Federation national nuclear corporation. The holding company is JSC “U1 Group”. The key asset is Uranium One Inc., whose mines produce natural uranium at deposits in Kazakhstan and the USA. Uranium One holds the fourth place globally in terms of uranium production and shows the best figures for production costs among global Top-5 producers of natural uranium.