Global nuclear capacity is projected to grow significantly by 2040, driven by the need for carbon-free baseload power and energy security. Increased demand from data centers and the electrification of transport are pushing the industry toward a new build cycle in the West and Asia. However, this resurgence faces a tightening uranium supply. As countries shift away from volatile oil and gas markets, the availability of nuclear feedstock becomes a critical bottleneck for meeting long-term climate goals and grid stability requirements.
