PUBLICATION

Global Business Reports

AUTHORS

Alfonso Tejerina, Lucrezia Falcidia

Uranium Report 2020

September 08, 2020

On March 11th 2011, the magnitude 9.0-9.1 undersea earthquake east of Japan’s Tōhoku coast provoked a devastating tsunami that caused widespread death and destruction and the meltdown of three reactors of the Fukushima Daiichi Nuclear complex. It was the worst nuclear accident since the 1986 Chernobyl disaster, and it altered the global energy policy debate pretty much overnight.  

However, since 2012 nuclear generation has been on the rise again. Currently, there are 54 reactors under construction globally for a total net electrical capacity of 54.4 gigawatts (GW). Adding the reactors already planned but not yet in construction, there are nearly 100 new reactors coming online between now and 2030. With uranium demand projected to grow steadily by 1.5% annually, 2020 has already seen a significant price increase for uranium, and the upcoming decade promises to be an interesting one for the commodity.

RELATED INTERVIEWS MORE INTERVIEWS

“Phoenix is the highest-grade undeveloped uranium deposit in the world, with an average grade of 19.1% and 59.7 million pounds U3O8 in probable reserves (141,000 tonnes).”
Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.
After cementing its position as a logistics industry leader in the DRC for over six decades, Comexas Afrique is launching into a new phase of existence and undergoing a rebrand, which will introduce the world to a new name, ConnexAfrica.

MACIG

Roxgold expands on the rapid development of its gold projects in West Africa.

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