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RAS Global AffairsСША & Канада: экономика – политика – культура USA & Canada: Economics – Politics – Culture

  • ISSN (Print) 26866730
  • ISSN (Online) 3034-6045

Canada's Role in Global Uranium Market

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PII
S30346045S2686673025100029-1
DOI
10.7868/S3034604525100029
Publication type
Article
Status
Published
Authors
Evgeny Khoroshilov
  • Occupation: Candidate of Sciences (Economics), Head, Department of Economic Studies
  • Affiliation: Georgy Arbatov Institute for the U.S. and Canada Studies, Russian Academy of Sciences (ISKRAN)
Volume/ Edition
Volume / Issue number 10(670)
Pages
17-31
Abstract
Over the past few years, the situation in the global nuclear energy industry has been described by the term "atomic renaissance". Nuclear energy is acquiring a special role in connection with the processes of digitalization and development of artificial intelligence, which are behind the growing demand for electricity and requirements for uninterrupted power supply. At the same time, for the United States and its satellites, the development of nuclear energy is not only an integral part of a large–scale technological race, but also a tool for ensuring energy security. It is fundamentally important for the collective West that its nuclear generation in the future can be fully provided with its own raw material base of uranium, primarily of Canadian and Australian origin. Canada ranks 2nd in the world in terms of uranium production and 3rd in terms of uranium reserves. In addition, a distinctive feature of a number of large Canadian uranium deposits are unique ores with the highest uranium content. Currently, Canada is declaring its ambitions to seize in the medium-term global leadership in the uranium market and become the privileged supplier of this raw material to the United States, EU member states, Japan and South Korea. In addition, Canada is interested in the absence of competition from Russia in the global uranium market and intends to make efforts not to cede its market share to the Russian side. At the same time, Ottawa is trying to restrict China's access to Canadian uranium resources by pursuing a policy of discrimination against Chinese uranium buyers and mining companies.
Keywords
Канада уран уранодобывающая промышленность добыча урана рынок урана атомная энергетика
Date of publication
06.12.2025
Year of publication
2025
Number of purchasers
0
Views
15

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