Uranium industry insiders are getting more vocal about an incoming potential shortage. As energy consumption ramps up, partially to satisfy the newfound hunger of data centers, the sector might struggle to keep pace in the 2030s. With half of the decade still to go, the market has time to prepare, but the window for decisive action is narrowing.

At Paladin Energy Ltd.’s (OTC:PALAF) latest annual general meeting, chairperson Cliff Lawrenson noted the ongoing problem.

“The long-term imbalance between uranium supply and demand is now clear. The stated expansion of nuclear capacity in multiple nations will exacerbate this situation, particularly in the 2030s,” he said. Lawrenson clarified that nuclear commitments across North America, Europe, and Asia are set to outstrip new mine supply.

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