Sweden set to lift ban on uranium mining

Sweden’s Climate Minister, Romina Pourmokhtari, has announced plans to lift the country’s ban on uranium mining and expand nuclear energy capacity. The Swedish Parliament has shown majority support for lifting the ban, paving the way for increased nuclear power generation.

The government’s plan includes the construction of at least ten large nuclear reactors over the next two decades to meet the growing demand for low-carbon energy. Swedish Prime Minister Ulf Kristersson had previously stated in January that the government would change legislation to encourage greater nuclear investment.

Sweden’s stance on nuclear energy has evolved over the years. The country initially decided to phase out nuclear generation in 1980, adopting an anti-nuclear position. However, this policy was reversed in June 2010. Pourmokhtari is a vocal advocate of nuclear energy and believes it should be a significant part of Sweden’s future energy mix.

Pourmokhtari highlighted the government’s goal to double electricity production over the next 20 years. She emphasized that a substantial portion of this increase must come from dispatchable sources, with nuclear power being the primary non-fossil fuel option. Nuclear energy is touted for its reduced environmental impact and comparatively lower resource requirements.

The move to lift the ban on uranium mining is influenced by concerns about Europe’s energy security, given Russia’s dominance in uranium processing. The European Union (EU) has sought to decrease its energy dependence on Moscow, particularly following Russia’s invasion of Ukraine. While Russia is a significant player in uranium processing, Kazakhstan is the largest uranium miner globally, followed by Canada and Namibia.

Sweden holds approximately 80% of the EU’s uranium deposits and already extracts uranium as a byproduct during the mining of other metals. Several companies, including Aura Energy from Australia and Canada’s District Metals, have expressed interest in developing uranium sites in Sweden.

The debate over nuclear generation’s role in achieving net-zero emissions has been a significant point of contention in the European Parliament. Countries like France, which heavily relies on nuclear energy, have supported its expansion, while others like Germany have moved away from nuclear power in favor of renewable energy sources.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Global steel industry faces cost wall in race to decarbonize

The global steel industry, responsible for about 8% of total carbon emissions, faces a stark paradox: decarbonizing steel production is technically achievable but economically prohibitive under current market structures. This dilemma—fully evident at this week’s Singapore International Ferrous Week—highlights a painful truth: the technology to eliminate emissions from steelmaking exists, but the cost of deploying it at scale remains a formidable barrier, and no one yet wants to foot the bill.

At the heart of green steelmaking is a shift away from coal-based blast furnace methods toward direct reduced iron (DRI) and hot-briquetted iron (HBI) technologies powered by green hydrogen—hydrogen generated from renewable energy sources like solar and wind. When combined with electric arc furnaces (EAFs), this process can slash emissions from the current industry average of 1.8 metric tons of CO₂ per ton of steel down to as low as 200 kilograms.

IEA, OPEC debate carbon capture and storage at COP28 Climate Summit

The UN climate conference in Dubai has brought the role of carbon capture and storage (CCS) into the spotlight, sparking a contentious exchange between senior officials at the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC)…

China’s import contraction signals trade war impact as U.S. tariffs hit hard

China’s imports unexpectedly shrank in the first two months of 2025, while exports lost momentum, reflecting the escalating pressure of U.S. tariffs and the deepening challenges facing the world’s second-largest economy. The renewed U.S.-China trade war took its first toll after President Donald Trump imposed an additional 10% levy on Chinese goods, arguing that Beijing had not done enough to curb the flow of fentanyl into the United States. The move effectively ended the trend of exporters rushing to front-load shipments ahead of the trade curbs, while production also slowed as workers paused for the Lunar New Year holiday.

The slump in imports suggests that China is scaling back purchases of key commodities, possibly in preparation for prolonged trade tensions with Washington. Analysts point to declines across grains, iron ore, and crude oil, signaling a shift toward building strategic reserves rather than continuing last year’s aggressive buying.

Stay informed

error: Content is protected !!