Could the Nuclear fuel market face a freeze in growth?
In its 16TH edition of “The Global Nuclear Fuel Market: Supply and Demand 2013-2030” (September 2013), the World Nuclear Association outlined a few possible scenarios with regard to the future of Nuclear Energy, the best of which predicts a steady annual growth of 4.2% and the worst of which predicts a yearly growth of 0 % between now and 2030. Indeed, it seems that the Fukushima Daiichi tragedy and the increasing competition from alternative technologies bring the original 2011 prediction down to a low.
Nevertheless, even without Japan’s 16 reactors, we currently count 435 reactors connected to worldwide grids totalling 375.3 electrical gigawatts. Also, in 2013, 10 new nuclear reactors were being built, another 172 have been programmed for construction in the future (of which 58 in China, 31 in Russia and 18 in India) and 312 additional programs have been proposed.
Therefore, it seems the nuclear fuel market has not said its last words yet!