2027 Agenda

Could the AI era drive a long-awaited uranium investment boom?

Africa holds significant uranium resources, but investment in new supply has historically been constrained by price volatility, long development timelines and policy uncertainty. But the rapid growth of AI, large-scale data centres and energy-intensive digital infrastructure –  demanding reliable, round-the-clock electricity – and potentially a new wave of nuclear demand which could finally unlock investment in African projects.

The big questions

• Is the next uranium supply shortage already taking shape thanks to AI?
• Which African projects can attract capital first?
• Will utilities support new supply through longer-term contracting?
• What could derail the uranium investment case?