A renaissance for nuclear energy threatens to create a shortfall in the supply of uranium, with the industry body urging producers to step up efforts to find new sources as output from the current crop falls.
Global uranium requirements for reactors are set to rise by a third to 86,000 tonnes by 2030, and to 150,000 tonnes by 2040, according to a report from the World Nuclear Association on Friday.
But output from today’s mines is expected to halve between 2030 and 2040 as existing deposits are exhausted, leaving a “significant gap” that threatens the nuclear power revival.
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