Kazakhstan and IAEA sign agreement to set up LEU fuel bank

Kazakhstan and the IAEA signed an agreement that will establish an LEU bank that could be used to provide low-enriched uranium to countries that face disruption of supply. The agreement was approved by the government of Kazakhstan in April 2015 and by the IAEA in June 2015. The bank will be located at the Ulba Metallurgical Plant in Oskemen (formerly Ust-Kamenogorsk).