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Tighter uranium market ahead

The uranium supply picture for the nuclear power industry looks highly uncertain after 2025 and would be dependent on new mine production coming on stream in a tightening market, according to Agneta Rising, director-general of the World Nuclear Association (WNA).

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Plenty of uranium, but will mines be developed in time to meet new nuclear fuel reactor needs?

She inferred opportunities for uranium miners would increase as the current low uranium price has led to the mothballing of a number of projects that have been deemed uneconomic by their owners.