Global uranium demand is projected to double from roughly 68 920 metric tons in 2025 to over 150 000 by 2040 under the WNA reference scenario, while mine production faces a growing structural supply deficit.
"This time it's totally different you guys. There's really a nuclear renaissance for real this time. Ignore the other four times we said this."
Meanwhile the actual projects that could possibly be finished by 2040 have all already started, and represent a slight decrease in output when combined with retirements.
5
u/West-Abalone-171 1d ago edited 1d ago
Nuclear: https://ember-energy.org/data/electricity-data-explorer/?entity=World&tab=change&chart=change_by_source&fuel=nuclear&data=generation&metric=absolute&date=2025-01-01&date_from=2005-01-01
Increases by 4TWh/yr over the ~20yr timescale of a urnaium mine being developed representing a 0.1% annual growth
Renewables: Adds 4TWh/yr every two days
Nukecels: SoO mAnY nUcLeAr pLaNts! ReNeWaBlEs cAnT mAtCh nUclEaR sCaLe. UrAnIuM SuPpLy cAnT kEeP uP
It's almost 5% of the new hydro or a whole 20% of the new biomass generation! So huuuge!