• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    uranium investing

    Identified Uranium Resources Can Last 100 Years: IAEA Director General

    Georgia Williams
    Jun. 27, 2018 04:55PM PST
    Energy Investing
    Uranium Investing

    The IAEA believes that while there is enough uranium to feed nuclear reactors for a century, the current oversupply in the market is finite.

    During his opening address earlier this week at the International Symposium on Uranium Raw Material for the Nuclear Fuel Cycle (URAM), Yukiya Amano, director general of the IAEA, reaffirmed uranium’s position as a vital resource for nuclear energy.

    “There are now 451 nuclear power reactors in operation in 30 countries,” Anamo told delegates at the fourth URAM symposium, held in Vienna this week.

    He went on to note that there are an additional 58 reactors currently under construction, while another 30 countries are considering introducing nuclear power to their grids.

    The 451 operating nuclear reactors, which are exclusively fueled by uranium, provide roughly 11 percent of the world’s electricity and a third of all low-carbon electricity.

    Because nuclear power is one of the lowest-carbon technologies for generating electricity it is vital to assure that uranium supply is sustainable into the future, and that was a key topic at the gathering.

    “In my opinion, it will be difficult for the world to meet the twin challenges of securing sufficient energy, and limiting the average global temperature increase to 2-degrees centigrade, in the coming decades without making more use of nuclear power,” said Anamo.

    While the IAEA believes there are sufficient identified uranium resources to fuel nuclear reactors for well over 100 years, the agency thinks the current oversupply is finite and will not last.

    The director general, noted, “[i]t is therefore important that this vital resource is mined, produced and managed sustainably.” Addressing environmental concerns now and those that may arise in the future will also be paramount for the uranium sector moving forward.

    It is evident uranium will continue to be a crucial component of the nuclear fuel cycle; however, just how much uranium may be up for debate.

    Development of the new generation of nuclear power reactors is already underway. These modern nuclear reactors will require less uranium, and may even be customizable, ranging from small to mid-sized to modular. There are even some countries interested in exploring the addition of the thorium fuel cycle to their grids.

    Olga Skorlyakova, senior project manager at World Nuclear Association, also emphasized at URAM how important it is to ensure future uranium supply.

    During her speech at the event she referenced The Nuclear Fuel Report: Global Scenarios for Demand and Supply, released last fall. “Global known resources of uranium are more than adequate to satisfy reactor requirements to well beyond 2035,” Skorlyakova said.

    That said, she went on to note that increased funding for exploration will play a key role in securing uranium supplies well into the future.

    “World uranium production rose to 62,221 tU in 2016, but the currently depressed uranium prices have curtailed exploration activities and the opening of new mines,” she said. “The number and size of new mines that are under development, planned or prospective have fallen significantly compared with the 2015 fuel report.”

    The four-day symposium ended on Wednesday (June 27), with other topics including uranium procurement and sustainability, as well as transparency and environmental awareness.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    nuclear energyuranium investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Nuclear power plant powered by uranium at dusk.

    Uranium Stocks: 5 Biggest Companies in 2025

    Growing graph and nuclear power station cooling tower.

    When Will Uranium Prices Go Up?

    Latest News

    Lo Herma Hydrogeology Testing & Resource Expansion Drilling

    AuKing to Acquire 100% of Cloncurry Gold Project

    Chemical assay confirms high-grade uranium

    Terra Clean Energy Corp. Announces Agreement to Earn 100% Interest in 75 Past Producing Uranium Claims on The San Rafael Swell, Utah, United States

    Uranium.io Shakes Up Uranium Market With Launch of Real-Time Price Oracle

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Energy Investing Stocks

    Skyharbour Resources

    SYH:CA

    xU3O8 (uranium.io)

    Saga Metals

    SAGA:CA

    Basin Energy

    BSN:AU

    AuKing Mining

    AKN:AU

    North Shore Uranium

    NSU:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES