International Symposium on Uranium Raw Material for the Nuclear Fuel Cycle: Exploration, Mining, Production, Supply and Demand, Economics and Environmental Issues (URAM-2018)

A long term view on uranium resources, supply and demand

29 Jun 2018, 09:20

20m

Vienna

ORAL Track 2. Uranium markets CLOSING SESSION

Speaker

Dr Adrienne HANLY (IAEA)

Description

The need for a long-term view on uranium resources and supply was recognized early in the development of the civilian nuclear power sector. In 1965, a working group was formed to compile worldwide uranium resource estimates by the precursor to the Nuclear Energy Agency (NEA), and in co-operation with the International Atomic Energy Agency (IAEA) since the mid-1980s this group has been producing reports on global uranium supply and demand, currently every two years (“Red Book”). Over the course of its history, the “Red Book” has become recognized as an authoritative source of government-sponsored information on the uranium industry. More than 100 countries have contributed data to the 26 editions published to date. The Red Book summarizes information from various countries, analyzing the evolution of the market and developing conclusions about the evolution of the global uranium resource base, mine production and uranium demand.