Nuclear revival ushers in a ‘new era’ for uranium

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Financial Times 6d ago

Nuclear revival ushers in a ‘new era’ for uranium - Financial Times

Quick Summary:

The Canadian start-up believes it can solve the west’s uranium shortage with its project in Saskatchewan, Canada, a city that’s been called the “Saudi Arabia of Uranium”.

The World Nuclear Association expects uranium demand — which sat at 65,650 tonnes last year — to reach 83,840 tonnes by 2030 and double to 130,000 tonnes by 2040.

A separate report from the Global Energy Monitor this morning found China is constructing nearly two-thirds of the world’s utility-scale solar and wind — enough to power all of South Korea.