Russian companies expect drop in uranium output after 2025

Forum Contacts		RUSSIAN

RIA Novosti, PUBLISHED June 10, 2010

Russian uranium companies predict a drop in world uranium extraction after 2025 as a result of increasing nuclear reactor construction.

"Uranium demands will be fulfilled in 2010-2020. A lag in production is expected after 2020, and after 2025 a decline in production is expected as a result of the decommissioning of mines when stocks are depleted," deputy head of Russian uranium company Atomredmetzoloto Aleksander Boytsov told the international Atomexpo-2010 forum on Wednesday.

Vladislav Korogodin from Russian atomic energy firm Rosatom said at the same forum that the number of global nuclear reactors will increase from 438 to 660 by 2030, possibly causing a fuel deficit.

Boytsov said the leading international uranium companies Cameco and Areva expect a drop in production after 2024 as a result of the depletion of the major MacArthur River, Cigar Lake and Akuta mines.

Topics: Uranium, Russia

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