Is uranium coming back in vogue?
USGS geologist Bradley Van Gosen takes notes while sitting on top of a uranium-bearing calcrete outcrop in the southern United States. Credit: USGS.
Posted By: Trish Saywell
May 4, 2021
Last week, Anthony Milewski, a director of International Consolidated Uranium, made the case to our readers that uranium sentiment is finally improving and the nuclear fuel is now having its day in the sun after years in the darkness following the Fukushima nuclear disaster in 2011. Milewski noted that there seems to be a shift in the willingness of governments to discuss nuclear energy openly now in the context of controlling greenhouse gas emissions and fighting climate change. “Nuclear is one of the cleanest forms of energy available, period,” he wrote, and when it comes to carbon emissions, “it equals, and in some cases, outperforms renewable energy sources.” It is also “a great deal more reliable.” In addition, Milewski pointed to the most recent World Nuclear Association’s Fuel Report, which forecast a 26% increase in uranium demand over the next decade, and stats from the World Nuclear Association, which show there are 53 new reactors under construction, more than 100 reactors in the planning stage, and another 320 in the proposal stage.