Global uranium reserves could be exhausted by the 2080s if demand for nuclear energy continues expanding at its current pace, the Nuclear Energy Agency and the International Atomic Energy Agency warned in a report released Tuesday.
The agencies’ biennial Red Book says demand for uranium is surging as countries and companies turn to nuclear power to reduce fossil fuel use and support the rapid growth of artificial intelligence (AI)-related power-hungry data centres. Without major new investment in uranium exploration and mining, supply may not keep up.
While the report concludes that enough uranium exists to support a “high-growth” scenario through 2050 and beyond, it stresses that unlocking those resources will require significant spending on exploration, mining operations, and new processing techniques.
Under that high-growth…
