Pending the new contracts’ finalization, the total volume of uranium successfully contracted since the beginning of 2022 is expected to be about 77 million lb.
A model developed by Brazilian researchers shows that opening up protected areas in the Amazon to mining projects would lead to massive losses of forest coverage.
Such demand could be met by local companies as long as they ramp up the production of green fuels and their manufacturing capabilities when it comes to electrifying mining fleets.