The demand for uranium is increasing annually. There’s not enough being produced globally to ensure this demand is being met. In 2015 and 2016, there were more than 26 reactors in China being constructed, with much more being proposed. But the uranium price has gone down since the 2011 Fukushima disaster.
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the world is consuming more and more power every year. Many environmentalists have come out in favor of nuclear power, saying this is the only carbon neutral source of power that has a chance of replacing base load requirements currently met by coal, oil and gas. Base load requirements that simply cannot be met by renewable sources such as solar, wind or wave power.
The Russians are building one-third of all the power plants globally, and they are coming into these developed nations,†Talbot said. “They are not only teaching them how to set up regulations, but they are financing them, building them — they are going to provide them [with] uranium, [then] take the uranium away at the end of the day. So the Russians are becoming the one-stop shop, and they are doing it aggressively.â€