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US and European energy groups at risk from uranium supply crunch

Financial Times LogoFinancial Times1w ago

US and European energy groups at risk from uranium supply crunch - Financial Times

Quick Summary:

A host of nations including the US, UK and South Korea have pledged to triple global nuclear energy capacity by 2050, while technology groups are turning to the fuel for AI data centres.

The company is also running out of resources in Kazakhstan, where it has active mines, which are being depleted, according to Teva Meyer, a researcher at France’s Institute of International and Strategic Relations.“Orano’s room for manoeuvre is very limited in Kazakhstan,” he said.

The country did not export any uranium in 2024 after a military coup in July 2023 led to a government hostile to western mining companies.


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Article Details

Author / Journalist: Ian Johnston

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 05:00:23 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 810 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 26211702

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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