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Uranium: The Fuel for Clean Energy

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The following content is sponsored by the Skyharbour Resources

Uranium: The Fuel for Clean Energy

Global demand for electricity is set to grow around 50% by 2040.

As the only energy source of low-carbon, scalable, reliable, and affordable electricity, nuclear is set to play a prominent role in meeting this growing demand while satisfying decarbonization objectives globally.

In this infographic from Skyharbour Resources, we take a closer look at how uranium is shaping the future of energy.

Nuclear Power to Backstop Clean Energy Transition

Nuclear is considered an important source of clean energy, being the second largest source of low-carbon electricity in the world behind hydropower.

Nuclear power plants produce no greenhouse gas emissions during operation, and over the course of their life cycle, they produce about the same amount of carbon dioxide-equivalent emissions per unit of electricity as wind, and one-third of the emissions per unit of electricity when compared with solar.

Nuclear fuel is extremely dense and generates minimal waste. All of the used nuclear fuel produced by the U.S. over the last 60 years could fit on a football field at a depth of fewer than 10 yards.

To power up reactors, uranium demand is expected to rise โˆผ160% over the next decades.

Several countries are going nuclear in a bid to reduce reliance on fossil fuels while building reliable energy grids. Not many, however, have uranium deposits that are economically recoverable.

CountryTonnes of UraniumResource Percentage
๐Ÿ‡ฆ๐Ÿ‡บ Australia1,692,70028%
๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan906,80015%
๐Ÿ‡จ๐Ÿ‡ฆ Canada564,9009%
๐Ÿ‡ท๐Ÿ‡บ Russia486,0008%
๐Ÿ‡ณ๐Ÿ‡ฆ Namibia448,3007%
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa320,9005%
๐Ÿ‡ง๐Ÿ‡ท Brazil276,8005%
๐Ÿ‡ณ๐Ÿ‡ช Niger276,4004%
๐Ÿ‡จ๐Ÿ‡ณ China248,9004%
๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia143,5002%
๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan132,3002%
๐Ÿ‡บ๐Ÿ‡ฆ Ukraine108,7002%
๐Ÿ‡ง๐Ÿ‡ผ Botswana87,2001%
๐Ÿ‡น๐Ÿ‡ฟ Tanzania58,2001%
๐Ÿ‡ฏ๐Ÿ‡ด Jordan52,5001%
๐Ÿ‡บ๐Ÿ‡ธ USA47,9001%
Other295,8005%
๐ŸŒ World total6,147,800100%

Canada has the world’s largest deposits of high-grade uranium with grades of up to 20% uranium.

The Highest-Grade Uranium Deposits in the World

Canadaโ€™s Athabasca Basin region in Saskatchewan and Alberta has the highest-grade uranium deposits in the world, with grades that are 10 to 100 times greater than the average grade of deposits elsewhere.

Uranium was first discovered in the Athabasca Basin in 1934, and today the region remains a major hot spot for uranium exploration.

Besides hosting the richest uranium grades in the world, the region is a top-tier mining jurisdiction, with the best practices for environmental protection.

In recent years, a number of junior uranium companies have made exciting new discoveries in the basin, with Skyharbour Resources among them. The company holds an extensive portfolio of fifteen uranium exploration projects, ten of which are drill-ready, covering 450,000 hectares of mineral claims.

Skyharbour Resources is becoming an industry leader in high-grade Canadian uranium exploration needed for nuclear power and clean energy.

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Energy Shift

Visualizing Copper Production by Country in 2023

Chile and Peru account for one-third of the world’s copper output.

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Voronoi graphic illustrating global copper production in 2023.

Visualizing Copper Production by Country in 2023

This was originally posted on ourย Voronoi app. Download the app for free onย iOSย orย Androidย and discover incredible data-driven charts from a variety of trusted sources.

Copper is considered an essential metal for the clean energy transition because it is a great conductor of electricity.

As a result, governments around the world have been encouraging the construction of new mines, and mining companies have been seeking new projects and acquiring existing mines to meet the growing demand.

In this graphic, we illustrate global copper production in 2023, based on data from the U.S. Geological Survey, Mineral Commodity Summaries, as of January 2024.

Most Copper Comes from South America

Chile and Peru account for one-third of the world’s copper output.

CountryRegion2023E Production
(Million tonnes)
๐Ÿ‡จ๐Ÿ‡ฑ ChileSouth America5.0
๐Ÿ‡ต๐Ÿ‡ช PeruSouth America2.6
๐Ÿ‡จ๐Ÿ‡ฉ Congo (Kinshasa)Africa2.5
๐Ÿ‡จ๐Ÿ‡ณ ChinaAsia1.7
๐Ÿ‡บ๐Ÿ‡ธ United StatesNorth America1.1
๐Ÿ‡ท๐Ÿ‡บ RussiaEurope/Asia0.9
๐Ÿ‡ฆ๐Ÿ‡บ AustraliaOceania0.8
๐Ÿ‡ฎ๐Ÿ‡ฉ IndonesiaAsia0.8
๐Ÿ‡ฟ๐Ÿ‡ฒ ZambiaAfrica0.8
๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoNorth America0.7
๐Ÿ‡ฐ๐Ÿ‡ฟ KazakhstanAsia0.6
๐Ÿ‡จ๐Ÿ‡ฆ CanadaNorth America0.5
๐Ÿ‡ต๐Ÿ‡ฑ PolandEurope0.4
๐ŸŒ Rest of World--3.1
World total (rounded)--21.5

Chile is also home to the two largest mines in the world, Escondida and Collahuasi.

Meanwhile, African countries have rapidly increased their production. The Democratic Republic of Congo, for example, transitioned from being a secondary copper producer in the late 1990s to becoming the third-largest producer by 2023.

Part of the growth in copper mining in Africa is attributed to high investment from China. Chinese mining companies represent 8% of Africaโ€™s total output in the mining sector.

Within its territory, China has also seen a 277% growth in copper production over the last three decades.

In the U.S., Arizona is the leading copper-producing state, accounting for approximately 70% of domestic output. Copper is also mined in Michigan, Missouri, Montana, Nevada, New Mexico, and Utah.

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Energy Shift

Who’s Building the Most Solar Energy?

China’s solar capacity triples USA, nearly doubles EU.

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Chart showing installed solar photovoltaic (PV) capacity in China, the EU, and the U.S. between 2010 and 2022, measured in gigawatts (GW).

Who’s Building the Most Solar Energy?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In 2023, solar energy accounted for three-quarters of renewable capacity additions worldwide. Most of this growth occurred in Asia, the EU, and the U.S., continuing a trend observed over the past decade.

In this graphic, we illustrate the rise in installed solar photovoltaic (PV) capacity in China, the EU, and the U.S. between 2010 and 2022, measured in gigawatts (GW). Bruegel compiled the data..

Chinese Dominance

As of 2022, China’s total installed capacity stands at 393 GW, nearly double that of the EU’s 205 GW and surpassing the USA’s total of 113 GW by more than threefold in absolute terms.

Installed solar
capacity (GW)
ChinaEU27U.S.
2022393.0205.5113.0
2021307.0162.795.4
2020254.0136.976.4
2019205.0120.161.6
2018175.3104.052.0
2017130.896.243.8
201677.891.535.4
201543.687.724.2
201428.483.618.1
201317.879.713.3
20126.771.18.6
20113.153.35.6
20101.030.63.4

Since 2017, China has shown a compound annual growth rate (CAGR) of approximately 25% in installed PV capacity, while the USA has seen a CAGR of 21%, and the EU of 16%.

Additionally, China dominates the production of solar power components, currently controlling around 80% of the worldโ€™s solar panel supply chain.

In 2022, China’s solar industry employed 2.76 million individuals, with manufacturing roles representing approximately 1.8 million and the remaining 918,000 jobs in construction, installation, and operations and maintenance.

The EU industry employed 648,000 individuals, while the U.S. reached 264,000 jobs.

According to the IEA, China accounts for almost 60% of new renewable capacity expected to become operational globally by 2028.

Despite the phasing out of national subsidies in 2020 and 2021, deployment of solar PV in China is accelerating. The country is expected to reach its national 2030 target for wind and solar PV installations in 2024, six years ahead of schedule.

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