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Current Price:
U308 $50.00lb*
Effective
November 28, 2022 (-$0.25 from survey 1 weeks
prior).
Nuclear power made up 4.3% of
the global energy mix in 2020, supplying many nations with
carbon-free electricity.
Here are the world's nuclear energy powerhouses:
Nuclear Power Production by Country
Nearly 450 reactors around the world supply various
nations with nuclear power, combining for about 10% of the
world’s electricity, or about 4% of the global energy mix.
But while some countries are turning to nuclear as a clean
energy source, nuclear energy generation overall has seen a
slowdown since its peak in the 1990s.
The above image breaks down nuclear electricity generation
by country in 2020 using data from the Power Reactor
Information System (PRIS).
Ranked: The Top 15 Countries for Nuclear Power
Just 15 countries account for more than 91% of global
nuclear power production. Here’s how much energy these
countries produced in 2020:
|
Rank |
Country |
Number of Operating
Reactors |
Nuclear Electricity
Supplied
[GWh] |
% share |
|
#1 |
U.S. |
96 |
789,919 |
30.9% |
|
#2 |
China |
50 |
344,748 |
13.5% |
|
#3 |
France |
58 |
338,671 |
13.3% |
|
#4 |
Russia |
39 |
201,821 |
7.9% |
|
#5 |
South Korea |
24 |
152,583 |
6.0% |
|
#6 |
Canada |
19 |
92,166 |
3.6% |
|
#7 |
Ukraine |
15 |
71,550 |
2.8% |
|
#8 |
Germany |
6 |
60,918 |
2.4% |
|
#9 |
Spain |
7 |
55,825 |
2.2% |
|
#10 |
Sweden |
7 |
47,362 |
1.9% |
|
#11 |
U.K. |
15 |
45,668 |
1.8% |
|
#12 |
Japan |
33 |
43,099 |
1.7% |
|
#13 |
India |
22 |
40,374 |
1.6% |
|
#14 |
Belgium |
7 |
32,793 |
1.3% |
|
#15 |
Czechia |
6 |
28,372 |
1.1% |
| |
Rest of the World
|
44 |
207,340 |
8.1% |
| |
Total |
448 |
2,553,208 |
100.0% |
In the U.S., nuclear power produces
over 50% of the country’s clean electricity. Additionally,
88 of the country’s 96 operating reactors in 2020 received
approvals for a 20-year life extension.
China, the world’s second-largest nuclear power producer, is
investing further in nuclear energy in a bid to achieve its
climate goals. The plan, which includes building 150 new
reactors by 2035, could cost as much as $440 billion.
On the other hand, European opinions on nuclear energy are
mixed. Germany is the eighth-largest on the list but plans
to shutter its last operating reactor in 2022 as part of its
nuclear phase-out. France, meanwhile, plans to expand its
nuclear capacity.
Which Countries Rely Most on Nuclear Energy?
Although total electricity generation is useful for a
high-level global comparison, it’s important to remember
that there are some smaller countries not featured above
where nuclear is still an important part of the electricity
mix.
Here’s a breakdown based on the share of nuclear energy
in a country’s electricity mix:
|
Rank |
Country |
Nuclear Share of
Electricity Mix |
|
#1 |
France |
70.6% |
|
#2 |
Slovakia |
53.1% |
|
#3 |
Ukraine |
51.2% |
|
#4 |
Hungary |
48.0% |
|
#5 |
Bulgaria |
40.8% |
|
#6 |
Belgium |
39.1% |
|
#7 |
Slovenia |
37.8% |
|
#8 |
Czechia |
37.3% |
|
#9 |
Armenia |
34.5% |
|
#10 |
Finland |
33.9% |
|
#11 |
Switzerland |
32.9% |
|
#12 |
Sweden |
29.8% |
|
#13 |
South Korea |
29.6% |
|
#14 |
Spain |
22.2% |
|
#15 |
Russia |
20.6% |
|
#16 |
Romania |
19.9% |
|
#17 |
United States |
19.7% |
|
#18 |
Canada |
14.6% |
|
#19 |
United Kingdom |
14.5% |
|
#20 |
Germany |
11.3% |
European countries dominate the
leaderboard with 14 of the top 15 spots, including France,
where nuclear power is the country’s largest source of
electricity.
It’s interesting to note that only a few of these countries
are top producers of nuclear in absolute terms. For example,
in Slovakia, nuclear makes up 53.6% of the electricity
mix—however, the country’s four reactors make up less than
1% of total global operating capacity.
On the flipside, the U.S. ranks 17th by share of nuclear
power in its mix, despite producing 31% of global nuclear
electricity in 2020. This discrepancy is largely due to size
and population. European countries are much smaller and
produce less electricity overall than larger countries like
the U.S. and China.
The Future of Nuclear Power
The nuclear power landscape is constantly changing.
There were over 50 additional nuclear reactors under
construction in 2020, and hundreds more are planned
primarily in Asia.
As countries turn away from fossil fuels and embrace
carbon-free energy sources, nuclear energy might see a
resurgence in the global energy mix despite the phase-outs
planned in several countries around he globe.
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Although we often reference
the spot price of uranium, the long-term price is what
really counts as only a small fraction of the metal is
actually traded on spot prices; over six times more uranium
is traded in long-term market prices than in the spot market
price. The long term market price is consistently and
significantly higher than spot. |
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