Uranium Overview
Rapid growth in world demand for carbon free electricity has provided a strong market for the development of nuclear power over the past 10 years and it now contributes 15% of world electricity supply.
Uranium is a very heavy metal which can be used as an abundant source of concentrated energy. It is common in the Earth's crust and is found in economic concentrations in a wide variety of geological settings.
Demand
Growth driven by 48 nuclear reactors under construction and proposed additions of 414 GWe. Potential doubling of uranium demand by 2030
Supply
Supply challenged by increased costs, time to develop and current price of uranium.
