In 2023, the actual direct material input of uranium and thorium in the UK was slightly higher than 7.94 thousand metric tons. Forecast from 2024 to 2028 indicates a steady decline from 7.94 to 6.68 thousand metric tons, with year-on-year variations showing a gradual decrease averaging at approximately 3 to 4% annually. The five-year compound annual growth rate (CAGR) demonstrates a consistent downward trend, highlighting reduced demand or shifts in energy policy.
Future trends to watch for include:
- Potential regulatory changes in nuclear energy policies.
- Technological advancements in alternative energy sources.
- Global market fluctuations affecting uranium and thorium supply and pricing.
