Future of U3O8 Industry at Mercy of World Events

Future of U3O8 Industry at Mercy of World Events

The opening day of a recent three-day mining industry event ahead of the 2022 PDAC (Prospectors & Developers Association of Canada) meeting featured keynote speeches and company presentations.

In one headliner talk, Anna Bryndza, executive vice president of UxC — which is a firm that publishes data, research, and analysis on the global nuclear fuel cycle markets — discussed a handful of events happening in the world that will affect nuclear power and uranium in the near and longer-term future.

The one certainty, Bryndza said, is that investments in green energy will continue to boost demand for nuclear energy. As an example, she cited the European Union possibly mandating €50 billion in industry funding by 2030.

Less clear are the impacts of events related to current conflicts in Eastern Europe and Asia, Bryndza said. Russia’s attacks on Ukraine could affect the quantity, diversification, and security of Russia’s uranium supply, which is significant […]

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