Brazil Seeks Partners in Revived Ambition to Find Uranium Riches

Brazil Seeks Partners in Revived Ambition to Find Uranium Riches

Brazil is looking to attract mining companies to help revive the country’s uranium exploration and production efforts as the world signals renewed appetite for nuclear power.

Latin America’s biggest economy holds 5% of the world’s uranium resources and only produces a tiny amount of the nuclear reactor fuel, according to the World Nuclear Association. Brazil’s resources rank eighth globally, well behind Australia, Kazakhstan and Canada. The last assessment of Brazilian reserves took place 40 years ago, but elevated uranium prices are reviving the nation’s ambitions to seek out new deposits.

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Publish date : 2024-10-22 05:23:00

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