Political Turmoil Threatens Global Uranium Supply and Nuclear Energy
The recent coup in Niger, one of the world's largest uranium producers, has raised concerns about the impact on global nuclear energy supply. While Niger's uranium exports are significant for France, which relies heavily on nuclear power, the overall impact on global uranium supplies is expected to be minimal. The real bottleneck in the nuclear supply chain lies in enriching uranium into fuel for reactors, and there is currently enough supply to meet demand. However, with the expected increase in new reactors and the extension of existing ones, demand for uranium could outpace supply by 2035. Despite the coup, mining operations in Niger are continuing, and companies like Global Atomic Corp. remain optimistic about their operations.