Australia in ‘doorstep’ position to supply uranium into Asia

TORONTO – Australia can leverage its doorstep position into the fastest-growing world economies of India and China, to drive a new era of uranium exports into Asia according to Dr Vanessa Guthrie, Managing Director of Toro Energy, one of Australia’s most advanced uranium project developers.

Addressing the annual Prospectors and Developers Association of Canada (PDAC) conference in Toronto, she told delegates that emerging powerhouse economies would drive future global demand, and that Australia was on the doorstep in terms of uranium supply into China and India.

“All current forecasts clearly point to a 20% increase in operable nuclear reactors worldwide by 2025 – just 10 years away – with 85% of that reactor growth coming from China and India,” she said.
“By that 2025 timeline, the emerging economies will account for 62% of operable reactors around
the globe.

“In real terms, this will see China go from 32 to 97 reactors by 2025; India from 23 to 34; other Asian countries from 71 to 85, with only a marginal increase in Eastern Europe and a fall in reactor numbers in Western Europe.

“Add in just another five years to the equation, and by 2030, there will be an overall 36% increase
in operable reactor numbers globally compared to current numbers.  Those reactors will need Australian uranium.”

Toro wholly owns Australia’s most advanced new uranium development – the Wiluna project in Western Australia.  www.toroenergy.com.au (ATI).