It looks like the upside may have a lot further to go. Global demand for uranium is 160 million pounds per year, but only 90-100 million pounds is produced from mining production. The shortfall is being made up by drawing from stockpiles that had built up from the over-production during the 1970s and from decommissioned nukes from the former Soviet Union.
ôFor 20 years, mine supply has accounted for 60% of what is needed to supply reactors,ö says Dr Tim Sugden, managing director at Nova Energy...
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