Global Nuclear Power Capacity To Grow by Over 45 Percent in 20 Years

Mining Weekly reported that the World Nuclear Association (WNA) expects global nuclear power generation capacity to grow by more than 45 percent over the next 20 years, meaning new uranium mines will be needed after 2025 to supply the growing demand.
As quoted in the market news:

Global nuclear generation capacity was set to grow from today’s 379 GW of electrical output (GWe) to 552 GWe by 2035, according to the reference scenario of the association’s biannual Nuclear Fuel Report, published on Thursday.
“Nuclear electricity output is set to increase over the next five years at a faster rate than we have seen for more than two decades. We must build on that positive momentum,” WNA director-general Agneta Rising stated.
The report also provided two other projections. A lower scenario saw nuclear capacity stagnating to 2030, before dropping off with several reactor shutdowns before 2035. The more bullish upper scenario saw capacity rising to 429 GWe in 2020 and 720 GWe in 2035.
Nuclear power currently contributed about 11% of the world’s electricity supply and was projected by the International Energy Agency to grow steadily in the next 20 years. According to the report, nuclear was seen as a critical element “in any credible strategy” to combat carbon emissions, while also contributing to security of energy supply.

Click here to read the full Mining Weekly report.