Uranium & Fuel

Russia Could Dominate Uranium Supply By 2040, Report Says

By David Dalton
10 September 2026

Europe and other nations could be ‘unable to secure the material they need’

Russia Could Dominate Uranium Supply By 2040, Report Says
Analysts have forecast a growing supply deficit over the next decade for uranium, which is mined predominantly in Kazakhstan, Australia, Namibia and Canada. Photo courtesy Kazatomprom.
Russia could control more than a third of mined uranium supply by 2040, a dominance that would compromise western energy security as demand from new nuclear power plants soars, a report has warned.

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