The Future of Uranium: A Story of Supply and Demand
The uranium market is at a tipping point.
Since the Fukushima accident in 2011, uranium prices have been on a downtrend, forcing several miners to suspend or scale back operations. But nuclear’s growing role in the clean energy transition, in addition to a supply shortfall, could turn the tide for the uranium industry.
The above infographic from Standard Uranium outlines how uranium’s demand and supply fundamentals stack up, and how that balance could change the direction of the market in the future. The Uranium Supply Chain The supply of uranium primarily comes from mines around the world, in addition to secondary sources like commercial stockpiles and military stockpiles.Although uranium is relatively abundant in the Earth’s crust, not all uranium deposits are economically recoverable. While some countries have uranium resources that can be mined profitably when prices are low, others do not.For […]
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