What's Driving Surging Uranium Demand?

Uranium demand is set to dramatically increase over the next 5 years as nuclear power gains momentum.

What's driving this increasing demand?

Yeah, I I I think uh it's exactly what you said uh inc increasing load growth and one really interesting stat that I came across was in the month of July was the single largest u use of electricity in the United States I think in in history and uh obviously that is dictated by seasonal factors but it is I think increasingly being acknowledged that things like AI data centers which are in you know use large amounts of electricity and uh reshoring of a lot of manu manufacturing all these things are contributing to much higher load growth and I think that's where nuclear energy really comes uh into the story here because of the unique attributes that it provides to a grid which are 24/7 365 days a year base load power and that's really what the grid needs the grid needs stability to offset intermittency of of renewable energy and that's why I think there's a renewed interest not just for grid stability growing load growth both uh and for some countries obviously energy security and national security are are are priority for