Demand for uranium in nuclear reactors is expected to climb by 28% by 2030 and nearly double by 2040 as governments ramp up nuclear power capacity to meet zero-carbon targets, the World Nuclear Association (WNA) said in a report on Thursday.
Nuclear capacity is expected to rise by 14% by 2030 and surge by 76% to 686 GWe by 2040, the report said
This is only good news if it displaces thermal coal and gas generating stations.