Uranium demand set to quadruple by 2050

Uranium Investing

Australian Mining reports demand for uranium is set to quadruple by 2050.
Speaking at the Paydirt 2010 Australian Uranium Conference today, Professor Barry Brook said rising electricity demands and reduced fossil fuel use would guarantee uranium demand for “at least the next 50 years.”
“Thermal reactors currently contribute about 380 GW, or 15%, of total global electricity […]

Australian Mining reports demand for uranium is set to quadruple by 2050.

Speaking at the Paydirt 2010 Australian Uranium Conference today, Professor Barry Brook said rising electricity demands and reduced fossil fuel use would guarantee uranium demand for “at least the next 50 years.”
“Thermal reactors currently contribute about 380 GW, or 15%, of total global electricity production, which is due to grow at least four times to about 1550 GW by 2040,” he said.

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