Analysis

Uranium Outlook / Too Early To Say’ If Western Suppliers Will Expand Production

By David Dalton
17 May 2024

IEA report points to ‘opportunities for a nuclear comeback’

Too Early To Say’ If Western Suppliers Will Expand Production
Cameco’s Cigar Lake uranium mine in the Athabasca Basin of northern Saskatchewan, Canada. Courtesy Cameco.
US domestic production of uranium remained at historically low levels in 2023 and it is too early to tell if high prices and supply initiatives will be enough to encourage Western suppliers to expand production, the International Energy Agency said in its Global Critical Minerals Outlook 2024.

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