URANIUM MARKET TRENDS

The recent UN Climate Talks in Paris have put forward the goal of limiting the global temperature rise to two degrees Celsius by the end of the century. This is providing a strong political base for expanding the nuclear power capacity because of the critical role that nuclear power plants play in t...

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Main Authors: Serghei MĂRGULESCU, Elena MĂRGULESCU
Format: Article
Language:English
Published: Nicolae Titulescu University Publishing House 2016-06-01
Series:Challenges of the Knowledge Society
Subjects:
Online Access:http://cks.univnt.ro/uploads/cks_2016_articles/index.php?dir=06_business_administration_and_marketing%2F&download=CKS+2016_business_administration_and_marketing_art.109.pdf
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author Serghei MĂRGULESCU
Elena MĂRGULESCU
author_facet Serghei MĂRGULESCU
Elena MĂRGULESCU
author_sort Serghei MĂRGULESCU
collection DOAJ
description The recent UN Climate Talks in Paris have put forward the goal of limiting the global temperature rise to two degrees Celsius by the end of the century. This is providing a strong political base for expanding the nuclear power capacity because of the critical role that nuclear power plants play in the production of electricity without emissions of greenhouse gases. In all, more than a dozen countries get over 25% of their energy from nuclear power, with 437 nuclear reactors operating around the world. On top of that, there are another 71 reactors under construction, 165 planned, and 315 proposed. Global uranium demand is expected to rise 40% by 2025 and 81% by 2035. Mined supply of uranium will struggle to keep pace amid rising demand and falling secondary supplies. A cumulative supply deficit is expected to emerge by 2021 while 2016 marks a huge inflection point for the industry, beeing the first year that demand will actually exceed supplies, creating a 60,000-tonne shortfall by 2018. Over the next 10 years, we're going to see uranium prices more than double while the bull run will begin in earnest in 2016.
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spelling doaj-art-9a81a51e9e8a49db97b735a5863c89892025-01-02T06:46:40ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962068-77962016-06-016-759766URANIUM MARKET TRENDSSerghei MĂRGULESCU0Elena MĂRGULESCU1“Nicolae Titulescu” University of Bucharest“Nicolae Titulescu” University of BucharestThe recent UN Climate Talks in Paris have put forward the goal of limiting the global temperature rise to two degrees Celsius by the end of the century. This is providing a strong political base for expanding the nuclear power capacity because of the critical role that nuclear power plants play in the production of electricity without emissions of greenhouse gases. In all, more than a dozen countries get over 25% of their energy from nuclear power, with 437 nuclear reactors operating around the world. On top of that, there are another 71 reactors under construction, 165 planned, and 315 proposed. Global uranium demand is expected to rise 40% by 2025 and 81% by 2035. Mined supply of uranium will struggle to keep pace amid rising demand and falling secondary supplies. A cumulative supply deficit is expected to emerge by 2021 while 2016 marks a huge inflection point for the industry, beeing the first year that demand will actually exceed supplies, creating a 60,000-tonne shortfall by 2018. Over the next 10 years, we're going to see uranium prices more than double while the bull run will begin in earnest in 2016.http://cks.univnt.ro/uploads/cks_2016_articles/index.php?dir=06_business_administration_and_marketing%2F&download=CKS+2016_business_administration_and_marketing_art.109.pdfnuclear poweruranium supplyuranium demanduranium prices.
spellingShingle Serghei MĂRGULESCU
Elena MĂRGULESCU
URANIUM MARKET TRENDS
Challenges of the Knowledge Society
nuclear power
uranium supply
uranium demand
uranium prices.
title URANIUM MARKET TRENDS
title_full URANIUM MARKET TRENDS
title_fullStr URANIUM MARKET TRENDS
title_full_unstemmed URANIUM MARKET TRENDS
title_short URANIUM MARKET TRENDS
title_sort uranium market trends
topic nuclear power
uranium supply
uranium demand
uranium prices.
url http://cks.univnt.ro/uploads/cks_2016_articles/index.php?dir=06_business_administration_and_marketing%2F&download=CKS+2016_business_administration_and_marketing_art.109.pdf
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