Goldman adds small modular reactors to nuclear model, forecasts 17% increase in uranium demand

Summary

Goldman's Nuclear Nuggets report highlights the acceleration of nuclear power buildouts, including small modular reactors (SMRs), which could increase uranium demand by 17% by 2045. Key developments include extended operations for several U.S. nuclear plants and a joint venture for the completion of AP1000 units in South Carolina. The report warns of a potential uranium supply deficit of 2.3 billion pounds from 2025 to 2045.

Recent Coverage

• Goldman Adds SMRs to Nuclear Model, Sees 17% Upside in Uranium Demand

  OilPrice.com • May 15