Russia's global uranium share may rise to 36%, raising Western concerns over a repeat of the energy dependence crisis

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智通财经2026/09/08 01:36

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The UK Financial Times, citing research by CSA, reports that by 2040 Russia's share of global uranium supply could increase to 36% (including overseas assets), bringing Western dependence on Russian uranium to a level comparable to their reliance on Russian oil and natural gas in 2022.
Russia's strengthened market position comes amid a global uranium supply shortage—caused by limited investor interest and delays in issuing new mining permits—while the ongoing construction of new nuclear power plants continues to drive up future demand.
Russia is expanding uranium mining through projects in Tanzania and Namibia as well as cooperation with Niger; although the European Commission has announced plans to ban imports of Russian uranium starting from October 2025, Russia currently remains the main supplier of enriched uranium for European reactors.

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Russia's global uranium share may rise to 36%, raising Western concerns over a repeat of the energy dependence crisis

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