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.
Both China and India have stated they want to dramatically expand the contribution of nuclear reactors to their power generating mix and the United States recently formed the Global Nuclear Energy Partnership (GNEP) to encourage the development of nuclear generation in order to meet the growing global need for energy.
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.
Both China and India have stated they want to dramatically expand the contribution of nuclear reactors to their power generating mix and the United States recently formed the Global Nuclear Energy Partnership (GNEP) to encourage the development of nuclear generation in order to meet the growing global need for energy.
