Post by
Lotten on Jun 22, 2022 3:22am
IEA Report
An excerpt from the report.
"Uranium for nuclear fuel is another element of concern. Russia
accounts for only 6% of global production of mined uranium, but over
40% of global enrichment capacity is located there. Prices for
uranium were already high at the end of 2021 due to tightening
supplies, and climbed by a further third in March 2022 to its highest
levels since the Fukushima accident in 2011. While a number of
conversion and enrichment plants exist in Canada, China, France
and the United States, many of them have been operating at low
utilisation rates or idled due to low profitability. In light of renewed
interest in nuclear power’s role in clean energy transitions, the war
has underscored the need to explore options for diversifying enriched
uranium supplies, including investment in new facilities as well as the
reopening of existing conversion plants."
https://www.iea.org/reports/world-energy-investment-2022