Uranium Shortage Jeopardizes Nuclear Renaissance

Global Nuclear Revival at Risk Without New Uranium Mines, Industry Group Warns

The world’s plans for a nuclear power revival could be thrown off course unless new uranium mines are developed quickly, according to analysis by the World Nuclear Association (WNA). In its latest report, released on Sept. 5, the industry group said global demand for uranium, which powers nuclear reactors, is set to rise steeply over the next 15 years as more countries turn to atomic energy. Nuclear power is being championed as a way to reduce d…

Uranium Shortage Jeopardizes Nuclear Renaissance

Tight supply of uranium could interfere with global plans for a boost in nuclear generation capacity growth, the World Nuclear Association has warned. According to the industry body, global uranium demand is set to increase by over 30% to 86,000 tons over the next four years, further rising to 150,000 tons by 2040, the Financial Times reported. While demand rises, however, supply will be shrinking, with output from existing mines set to fall by …

Uranium demand for nuclear power set to surge nearly 30% by 2030 – report

World Nuclear Association said the growth is tied to a rapid buildout of nuclear power capacity worldwide.

Nuclear revival threatens uranium supply shortage

A RESURGENCE in nuclear power could trigger a critical uranium shortage as global demand soars while mine production plummets, said the Financial Times citing warnings by industry experts. The World Nuclear Association reported on Friday that uranium requirements will jump by a third to 86,000 tons by 2030 and reach 150,000 tons by 2040. However, output from existing mines is expected to halve during the 2030s as deposits become exhausted, creat…