Uranium Market Update
Uranium market update
January 2022
Netherlands (1)
92
U
כ
YELLOW CAKE PLC
In mid-December, the Netherlands announced the formation of its new government accompanied by a revised climate change
commitment to at least 55% CO2 reduction by 2030
■ The Dutch government aims to reduce CO2 emissions by 70% by 2035 and 80% by 2040
The climate change agenda included the construction of two new nuclear reactors budgeted at €5 billion
United Kingdom (2)
☐
The UK government is to provide GBP100 million (USD134 million) in support of the proposed Sizewell C nuclear power plant project
(two EPRs producing 3.2 Gwe of electricity) which remains under evaluation
The government has committed to making a Final Investment Decision on at least one large-scale nuclear power station by
December 2024
Brazil(3)
Brazil has executed an agreement to initiate a siting study for a planned nuclear power plant to be operational by 2050
The country currently operates the two-unit Angra NPP with a third unit expected to be built on the existing site
Russia (4)
The Russian News Agency, TASS, reported that the Russian Natural Resources Ministry released a report on the state and use of
mineral resources in Russia in 2020 which stated "It is possible that a shortage of uranium raw materials suitable for development in
the current economic conditions may emerge in Russia by 2030-2035, which is due to the depletion of reserves of developed
uranium deposits"
Source:
1.
2.
Energy Monitor; "The Netherlands opens the door to new nuclear with €5bn"; 27 January 2022
World Nuclear News; "Sizewell C gets financial backing from UK government": 27 January 2022
3. World Nuclear News; "Brazil looks to nuclear expansion"; 17 January 2022
4.
TASS; "Russia may face uranium raw materials shortage by 2030-2035, ministry says"; 22 December 2022
5View entire presentation