Uranium Supply Needs to Double to Meet Demand

With the move to decarbonize and to use cleaner energy accelerates, nuclear power faces rising demand from not just domestic U.S. consumers, but also increased energy demand from the Far East, said Amir Adnani, CEO of UEC (NYSE: UEC). 

“China, by 2030, will have more nuclear generation than the United States. It is almost going to double the profile of nuclear generation and demand for uranium by the end of the decade,” Adnani told Michelle Makori, editor-in-chief of Kitco News on the sidelines of the Denver Gold Forum.