The World Nuclear Association forecasts global demand for uranium to climb from 162 million pounds in 2021, to 206 million pounds by 2030, with supply to drop by 50% by 2030 because of lack of investment in new mines and decline in secondary uranium supply.
Factors stimulating growth of demand for uranium
Qty | MWe, net |
439 | 394 447 |
Qty | MWe, gross |
56 | 61 294 |
Qty | MWe, gross |
96 | 102 147 |
Qty | MWe, gross |
325 | 353 812 |
tonnes U |
62 496 |
Source: World Nuclear Association, March 2022
* RAR - reasonably assured resources. Source: Analysis of Uranium Supply to 2050, International Atomic Energy Agency
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