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AAP
AAP
Business
Derek Rose

Uranium supply deficit expected to increase prices

uranium Deficit Paladin China India United States
In a few years there won't be enough yellowcake to meet the demands of the world's nuclear reactors. (Tara Ravens/AAP PHOTOS)

Nuclear power plant operators haven't been signing many contracts to buy uranium lately but a Perth-based miner expects that to change soon given a looming supply deficit.

India, China and the United States are all moving ahead with building more nuclear reactors, Paladin Energy managing director and chief executive Paul Hemburrow noted in a phone call with analysts on Wednesday.

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