PEN peninsula energy limited

Ann: Update on Central Processing Plant Commissioning, page-276

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    Interesting. Lets take a look what Chatgpt say about it.

    As of early 2025, comprehensive data on global uranium production and consumption for the entire year of 2024 is not yet fully available. However, based on available reports and projections, we can provide an overview of the uranium market for 2024.

    Global Uranium Production and Demand

    In 2024, global uranium demand was projected to be approximately 197 million pounds (about 89,360 metric tons), while production was expected to be around 155 million pounds (approximately 70,307 metric tons), resulting in a production shortfall of about 42 million pounds (19,050 metric tons).

    Market Dynamics

    The uranium market in 2024 was characterized by a significant production deficit, with demand outpacing supply by approximately 42 million pounds. This shortfall was primarily met through secondary sources, including existing stockpiles and re-enriched depleted uranium. The deficit underscored the need for increased production to meet the growing global demand for nuclear energy.

    Please note that these figures are based on available data and projections as of early 2025. Comprehensive and final statistics for 2024 will be available later in the year.
 
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