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Global Uranium Supply and Demand

Author:
Toni Johnson, Staff Writer

November 2, 2007


Introduction

Interest in the use of nuclear power is on the rise, as the world’s growing demand for cheap, reliable electricity vies with the need to reduce air pollution. Nonproliferation of weapons and the safe disposal of spent nuclear fuel dominate the debate on nuclear power, while nuclear fuel supplies have garnered little attention. Russia and Europe, currently shut out of the normal U.S. nuclear fuel market, want to sell directly to U.S. utilities, raising concerns about the U.S. enrichment industry. Meanwhile uranium mining is making a comeback after a two-decade slump, but obstacles such as infrastructure problems, stable access to enrichment services, and environmental concerns continue to dog the industry.
Discerning Supply and Demand

Close to five million tons of naturally occurring uranium is known to be recoverable. Australia leads with more than one million tons (about 24 percent of the world’s known supply), followed by Kazakhstan, with over 800,000 tons or 17 percent of known supplies. Canada’s supplies are slightly less than 10 percent of the world’s total, while the United States and South Africa have about 7 percent each.




Good article...click link below to read the rest.

http://www.cfr.org/publication/14705/global_uranium_markets.html?breadcrumb=%2F



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