why everyone wants uranium

It has also announced plans to spend hundreds of millions of dollars on producing the high-assay low-enriched uranium (HALEU) we need for the small modular reactors that are to be our low-carbon saviours. And the Chinese, say Alpha Portfolio Management, have 55 nuclear reactors, another 24 under construction and around 150 planned over the next 15 years. At COP28, 22 countries committed to a trebling of nuclear capacity by 2050. The slightly scary result? Globally uranium demand is expected to rise by 28 per cent by 2030 and to double by 2040. Back to the sleepless nights of our managers….