Energy Markets
Report shows that Uranium production must increase to meet the rising demand.
The uranium reserves are enough to meet the long-term projections of demand, but further investments in mining projects may be required to avoid shortages within the next two years, according to a report released by the International Atomic Energy Agency and Nuclear Energy Agency on Tuesday. Both agencies reported an increase in the mine development costs, which ended a downward trend that had been persistent over the second half decade of the past decade. However, they warned of the short-term risk of shortages. In the short term, it is anticipated that primary production will meet low demand scenarios up to...