Demand for uranium in nuclear reactors is expected to climb by 28% by 2030 and nearly double by 2040 as governments ramp up nuclear power capacity to meet zero-carbon targets, the World Nuclear Association (WNA) said in a report on Thursday (7 September).
The biennial Nuclear Fuel Report said demand for uranium for nuclear plants is expected to rise to 83,840 tonnes by 2030 and 130,000 tonnes by 2040, from 65,650 this year.
Interest in nuclear power has also risen since Russia invaded Ukraine and many nations want alternatives to Moscow’s energy supplies, the report added.