Uranium & Fuel

Urenco / Geopolitics And New Nuclear Technologies Driving ‘Increased Momentum’ In Enrichment Market

By Kamen Kraev
8 December 2023

Company seeing more longer-term contracting with parties seeking ‘reliable and sustainable’ partners

Geopolitics And New Nuclear Technologies Driving ‘Increased Momentum’ In Enrichment Market
Urenco has approved an investment to expand uranium enrichment capacity at its UUSA site site in New Mexico. Courtesy Urenco.
The global climate crisis, the West’s renewed energy security needs in the wake of Russia’s invasion of Ukraine and the advancement of new nuclear technologies have been three main drivers behind “an increased momentum” to the enrichment market over the last 18 months, according to Sarah Forman, head of global strategy and corporate development at Urenco, a global enrichment services provider.

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