Russian Uranium Production to Hit 64 Million Pounds by 2020

The Bullion Vault reported that, given Russia’s dominance in both the supply and conversion sectors of the uranium market, some believe that Putin is aggressively trying to corner the market, as he announces plans to ramp up production.

As quoted in the market report:

Almost half of the world’s capacity to enrich uranium will lie in Russia once the country completes the planned expansion of its current enrichment facilities. Accordingly, the life source of reactors and power generation is not obtaining the uranium but having access to facilities that turn them into nuclear fuel.

To view the whole Bullion Vault report, click here.