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Uranium Mining Renaissance Led By World Politics

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According to Mineweb.com, the likelihood of a major uranium mining renaissance is increasing as political support for increasing nuclear energy output is growing in the different corners of the world.

The likelihood of a major uranium mining renaissance is increasing as political support for increasing nuclear energy output is growing in the different corners of the world.

A nuclear power growth scenario which sees Europe, North America, Japan, Korea, India and China develop nuclear generation capacity to attain a 30% contribution to each country's generating mix will see demand for uranium grow an average of 3.5% over the next 25 years, said Adam Schatzker, RBC Capital Markets analyst, in a uranium market outlook report.

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