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on 8/8/20 at 9:57 AM
In recent years, the world uranium market has been characterised by an imbalance between demand and supply and persistently depressed uranium prices. World uranium production currently satisfies between 55 and 60 per cent of the total reactor-related requirements, while the rest of the demand is met by secondary sources including the conversion of excess defence material and stockpiles, primarily from Eastern Europe. Although the future availability of these secondary sources remains unclear, projected low-cost production capability is expected to satisfy a considerable part of demand through to 2015. Information in this report provides insights into changes expected in uranium supply and demand over the next 15 years.
The "Red Book", jointly prepared by the OECD Nuclear Energy Agency and the International Atomic Energy Agency, is the foremost world reference on uranium. It is based on official information from 49 countries and includes compilations of statistics on resources, exploration, production and demand as of 1 January 1999. It provides substantial new information from all of the major uranium producing centres in Africa, Australia, Eastern Europe, North America and the New Independent States. It also contains an international expert analysis of industry statistics and world-wide projections of nuclear energy growth, uranium requirements and uranium supply.
