Uranium price makes fresh decade high as forecasts grow (even) rosier

The World Nuclear Association’s biennial report provides long and medium term projections and insights into the more obscure corners of the global supply chain.

The report has little to worry uranium bulls, the ranks of which has grown large in the past couple of years, as the role nuclear could play in the green energy transition becomes obvious even to long term critics of the renewable source. The nuclear option

The WNA report predicts world reactor requirements for uranium to surge to almost 130,000 tonnes (~285 million pounds) in 2040. That’s up from an estimate of 65,650 tonnes in 2023.

Under the World Nuclear Association upper forecast that total rise to 184,300 tonnes and even its most pessimistic forecast – 87,000 tonnes in 2040 – translates to a healthy rise in demand for the commodity.From the current 391 gigawatts electricity of operable nuclear plants, the WNA now projects capacity will reach […]

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