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UK Report Says Russia's Uranium Supply Share Could Rise to 36% by 2040

The UK-based non-governmental organization Center for Strategic Advantage (CSA) recently released a report stating that if countries advance uranium production according to existing plans and operate all deposits at full capacity, Russia's share of global uranium supply could rise from roughly one-quarter at present to 36% by 2040. The report argues that Western countries face issues such as insufficient investment and delays in permitting new mine development, making it difficult to meet future demand. Meanwhile, Russia's uranium mining capacity is expected to continue growing. Project director Gareth Heywood stated that by 2040, some countries' dependence on Russian uranium production could approach the level of their dependence on Russian natural gas and oil around 2022.

2026-09-08

South Korean President to Visit France for Nuclear Energy Cooperation Talks

At the invitation of French President Emmanuel Macron, South Korean President Lee Jae-myung will pay a state visit to France from September 6 to 9. The South Korean side stated that during the visit, the two sides will hold discussions on cooperation in high-tech fields such as artificial intelligence, aerospace, nuclear energy, and biotechnology, with nuclear energy cooperation listed as one of the key agenda items. South Korean National Security Advisor Wi Sung-lac said at a press conference on the 4th that this visit will serve as an opportunity to consolidate the Korea-France global strategic partnership. The South Korean side hopes to expand bilateral cooperation in areas such as nuclear energy through joint research and development, corporate collaboration, and market access...

2026-09-05

India and Uzbekistan Agree to Establish Long-Term Uranium Supply Arrangement

India and Uzbekistan held leader-level talks in Tashkent on August 30, deciding to elevate bilateral relations to a comprehensive strategic partnership and agreeing to establish an arrangement for long-term uranium supply from Uzbekistan to India, strengthening cooperation between the two countries in the field of civil nuclear energy. Following talks with Uzbek President Shavkat Mirziyoyev, Indian Prime Minister Narendra Modi stated that the two sides would establish a long-term uranium supply arrangement. The specific scale, duration, and implementation mechanism of the arrangement have not yet been announced. India has in recent years continued to diversify its nuclear fuel sources, and Uzbekistan is an important uranium resource country in Central Asia...

2026-08-31

U.S. and European Nuclear Fuel Markets Accelerate Adjustment, with Canada and Kazakhstan Remaining Leading Uranium Supply Sources

Annual reports recently released by the U.S. Energy Information Administration and the European Supply Agency show that the global nuclear fuel supply landscape in 2025 continues to be shaped by geopolitical and energy security factors. Canada remains the most important source of uranium for utility nuclear power operators in the United States and the European Union, followed closely by Kazakhstan, underscoring the two countries' central role in the Western nuclear fuel supply chain. Meanwhile, both the United States and the European Union are focusing on concerns over supply source concentration, dependence on Russian-related supplies, and security assurance issues arising from future growth in nuclear power demand. In the U.S. market, owners and operators of civilian nuclear power plants procured 46.9 million pounds U3O8e of uranium deliveries from domestic and foreign suppliers in 2025...

2026-08-12