IAEA: Nuclear capacity could triple by 2060, AI drives demand

The IAEA projects global nuclear energy capacity could more than triple by 2060, citing AI-driven electricity demand and the emergence of small modular reactors (SMRs) as a new clean energy source. The estimate is a long-term outlook, not a near-term forecast, and depends on policy support and technology deployment. This signals a potential structural shift in energy markets, with implications for uranium demand and power generation.