Global uranium demand will significantly increase until 2040, while production will decrease, creating a market deficit.

Nuclear energy is recovering, and uranium is becoming essential for powering reactors. The demand for uranium could increase by a third by 2030, reaching 150,000 tons by 2040, while production will decrease drastically. Kazakhstan and Russia dominate the market, and geopolitical tensions drive investments in new nuclear projects. Financial innovations and the expansion of capacities in the USA and Europe suggest a significant increase in interest for uranium, although challenges remain large.