• 28% increase in uranium demand by 2030
• 51% demand growth 2031-2040
• 20+ nations pledged to triple nuclear capacity in 25 years
• Only 74% of 2021 demand met by mines #Uranium
#Investing #ClimateChange #NuclearEnergy #RenewableEnergy
Holds 888,400 tu of recoverable uranium—about 40% of the global total!
- Namibia: 470,100 tu
- Niger: 300,000 tu
- South Africa: 1.5 million tu
- Morocco: 6.9 million tu
- Malawi: Kayelekera mine with 5,130 tu
Ready to lead in #uranium
#investing #energy
However, current #uranium mining yields just over 55,000 tonnes of U3O8 per year.
Additionally, there are 66 reactors under construction, 110 planned, and over 300 proposed.
Humans tend to underestimate the pace of innovation and overestimate the inertia of incumbent technologies.
Clean energy technologies have scaled much more rapidly than predicted by modellers
Exports of #EUP (Enriched #Uranium Product) originally intended to the #UnitedStates will now be sold to more "friendly nations", such as #India, #Iran, and #China.
This leaves #American fuel buyers and #nuclear #utilities scrambling.
Bullish Monday!