Uranium mining in namibia is of considerable importance to the national economy. Although a valuable commodity, declining market prices for uranium in recent years, driven by uncertainties concerning evolutions in the use of nuclear power, have led to the postponement of mine. Uranium production has been meeting only 50 to 60 percent of world requirements with the balance met from sale of excess inventory offered on the market at low prices. A dynamic model of the global uranium market and the nuclear. After 2011, year of the fukushima nuclear accident, prices dropped. It offers updated information on established uranium production centres and mine development plans, as well as projections of nuclear generating capacity and reactorrelated. Uranium 2005 resources, production and demand, presents the results of the.
It offers updated information on established uranium production centres and mine development plans, as well as projections of nuclear generating capacity and reactorrelated requirements through 2035, incorporating policy changes following the fukushima accident, in order to address longterm uranium supply and demand issues. Current data on resources, exploration, production and uranium stocks are also presented, along with historical summaries of exploration and production, and plans for future mine development. Resources, production and demand also called the red book estimates the total identified amount of conventional uranium stock, which can be mined for less than usd per kg, to be about 4. In addition to existing and likely new mines, nuclear fuel from. This report was prepared to address the uranium supply and demand situation through 2020. Insitu resources, uranium production, depletion, progressive. Resources, production and demand nuclear energy agency. Uranium demand and primary production from 1970 to 2014.
As shown in figure, supply exceeded demand until 1990 when that relationship was reversed. This is the only source of information on the worldwide uranium resources which is published every 2 years. Although a valuable commodity, major producing countries limited total production in recent years in response to a depressed uranium market. Feb 12, 2021 value of uranium, plutonium and thorium imports to the united kingdom uk 2011 2017 topics global nuclear power global solar photovoltaics electricity in the u. New developments in uranium exploration, resources.
In 2018, namibia produced 10% of uranium worldwide, ranked as the 4th largest producer, behind kazakhstan, canada, and australia uranium is one of the six mineral resources that. Uranium resources, production and demand, otherwise known as the red book. Published every other year, uranium resources, production, and demand, or the red book as it is commonly known. Spurred by special incentives in the early years, prospectors discovered over 20 000 occurrences of uranium in north america alone, and by 1959 total world production had. Worldwide isl uranium mining outlook strata energy inc.
Oct 03, 2018 resources, production, demand the red book uranium supply for energy security statistical profile of the world uranium industry. Uranium 2016 resources, production and demand en oecd. Daiichi nuclear power plant accident in 2011, driven by uncertainties. Russian uranium mining companies work in kazakhstan, canada and other countries either directly or through companies they purchase. First published in 1965, this, the 21st edition of what has become known. However, a continued strong market and sustained high prices will be necessary for resources to be developed within the timeframe required to meet uranium demand. Regardless of the ups and downs of uranium demand the world uranium suppliers have been able to meet the demand globally for decades, according to the oecd oecd, 2016. Longterm supply and demand forecasts for other fuel cycle services are covered in a separate publication1. The basis of this assessment is a comparison of uranium resource estimates according to categories of. Nuclear energy factsheet center for sustainable systems. Global uranium production stood at some 53,656 metric tons in 2019.
A critical assessment of global uranium resources, including. In 2018, namibia produced 10% of uranium worldwide, ranked as the 4th largest producer, behind kazakhstan, canada, and australia. Pdf the paper presents the concept of forecasting uranium prices on the. Uranium reserves are reserves of recoverable uranium, regardless of isotope, based on a set market price. Overview of indian uranium production scenario in coming. Identified resources are sufficient for over 5 years of supply for global nuclear power fleet but this depends on timely investment, and challenges remain in a. Although a valuable commodity, declining market prices for uranium in recent years, driven by uncertainties concerning the evolution in the use of nuclear power, have led to significant production. It is the recognised world reference on uranium and is based on.
This is reflected in numerous publications covering different aspects in this field. Developments in uranium resources, production, demand and the. Nevertheless, should uranium demand continue to grow, this paper will. Neaoecdnea 2011 resources production and demand world nuclear association, 2014. Global uranium resources to meet projected demand iaea. Despite the negative effect on demand precipitated by the fukushima disaster, the international atomic energy agency iaea and the oecd nuclear energy agency nea make a projection that installed nuclear capacity will increase, even in their low scenario projections that assume their most pessimistic outcome for new reactor build oecd. It is the recognised world reference on uranium and is based on official information received from 43 countries. Distribution of global uranium resources by country 2019. A study of chinas uranium resources security issues. It offers updated information on established uranium production centres. Development of uranium mining and uranium processing in.
Mining, production, supply and demand, economics and environmental issues uram2018 2020. As a result, uranium companies worldwide have reduced capacity, closed operations and deferred new production. Developments in uranium resources, production, demand and the environment, proceedings of a technical committee meeting held in vienna, 1518 june 1999, iaea tecdoc series no. It is the recognised world reference on uranium and is based on official. The russian federation average about 3000 tons of uranium per year from its own mines.
This 27th edition features a comprehensive assessment of uranium supply and demand and projections as of 1 january 2017 to the year 2035. World nuclear association sees upturn in uranium demand. The reserves figures denote identified resources as of 1 january 2015, consisting. Resources, production and demand, a joint report by the oecd nuclear energy agency and the international atomic energy agency. However, it also covers, in lesser detail, the future growth of nuclear power and consequent demand for uranium. Resources, production and demand, a joint report by the oecd nuclear energy agency and the iaea. This paper studied the recovery of uranium vi from 5. Released in 2012, the latest version of this report, dubbed the red book, is titled uranium 2011.
A dynamic model of the global uranium market and the. Aug 01, 20 the latest version of this report, generally called the red book, is titled uranium 2011. These updates have been published by the oecdnea in what is commonly known as the red book. You can copy, download or print oecd content for your own use, and you. Swiss resource capital ag receives compensation expenses from the following companies mentioned in this publication. Uranium resources mapped to resource category geological assurance for, and economic feasibility of, worldwide uranium resources, by resource categories used by the organisation for economic cooperation nuclear agency and. World distribution of uranium deposits udepo with uranium. Uranium resources production and demand the red book uranium supply and demand to 2035 robert vance unmp consulting. Appia energy, deni son mines, energy fuels, fission uranium, go viex, laramide resources, skyharbour resources, uranium energy. Governing uranium in china the web site cannot be found. Exploration, mining, production, supply and demand, economics and environmental issues uram2014 2019 uranium production cycle selected papers 20122015. It offers updated information on established uranium production centres and mine development plans, as well as projections of nuclear generating capacity and reactorrelated requirements through 2035, in order to address longterm uranium supply and demand issues. Geochemical and mineralogical characterization of uranium and thorium deposits. One of the more important ones is the periodic publication of both agencies uranium resources, production and demand, the thirteenth edition of which was published in early 1990.
Following the 2011 fukushima nuclear disaster, the global uranium market remains depressed, with the uranium price falling more than 50%, declining share values, and reduced profitability of uranium producers since march 2011. Its businesses export fuel in all parts of the world and are getting more stable on the world market despite the sanctions imposed. Uranium supply vulnerabilities of supply top 10 mines produced 54% of world u supply in 2012 mine country main owner type production. Therefore, all mentioned companies are sponsors of this publication. Resources, production, uranium geology, uranium mineralization, iurep, international uranium resources evaluation project, mineralization. Uranium is the raw material used to produce fuel for longlived nuclear power facilities, necessary for the. Pysicochemical phenomena involved in the recovery of uranium. Resources, production and demand oecdnea iaea, 2012. Development of uranium mining and uranium processing in the.
You can copy, download or print oecd content for your own use. Resources, production and demand, a joint report by the oecd nuclear energy agency and the international atomic energy agency figures are given in metric tonnes. Ramendra gupta and ak sarangi energy procedia 7 2011 146152. Developments in uranium resources, production, demand and. Despite the fact that global uranium resources are more than sufficient to supply. Discover all statistics and data on uranium now on.
Uranium frequency biennial voldate range began with sept. It has also evolved particularities of its own in response to the unique nature and use of uranium historically, uranium has been mined in countries willing to export, including australia and canada. Patterns and features of global uranium resources and production. Doe energy information administration, doeeia04782002, may 2003. In addition, official data are available in some countries united states. It also provides substantive new information on established uranium production centres around the world and in countries developing production centres for the first time. Pdf forecasting the price of uranium based on the costs of. Uranium production continued to increase in 2011 and 20, although at a slower rate than 2009 and 2010. Uranium occurrences, resources, and markets uranium mining in. Uranium is the raw material used to produce fuel for longlived nuclear power facilities, necessary for the generation of significant amounts of baseload lowcarbon electricity for decades to come. This is the only source of information on the worldwide. After 1990, the production fell well below demand, as secondary suppliers fed the market see fig. Dec 01, 2017 for china, the global uranium ore prices rose to a reasonable level, to a certain extent, which will be conducive to the countrys highcost uranium mining, and promote the production of unconventional resources. Year uranium production centres and mine development plans, as well as projections of nuclear generating capacity and reactorrelated requirements through 2035, incorporating policy changes following the fukushima accident, in order to address longterm uranium supply and demand issues.
Published every other year, uranium resources, production, and demand, or the red book as it is commonly known, is jointly prepared by the oecd nuclear energy agency and the international atomic energy agency. Figure 2 shows the historical relationship between uranium requirements demand and uranium production supply. Uranium is the raw material used to produce fuel for longlived nuclear power facilities, necessary for the generation of significant amounts of lowcarbon electricity and other uses, such as heat and hydrogen production, for decades to come. Hansen with the development of nuclear fission, a whole new industry has emerged complete with its problems of demand, resources, and supply. Accordingly, the papers presented at this meeting are about evenly divided between discussions of known and potential uranium resources and uranium production technology and the environmental impact of uranium mining and processing, its related remediation technology and its costs. Dec 01, 20 this report is based on the declarations made by the member states and on recommendations issued by the uranium standing group of experts. The final section in this chapter describes uranium resource and reserve. The aforementioned costs, given the inelastic demand for uranium. A joint report by isbn 9789264178038 the oecd nuclear energy agency and the international atomic energy agency uranium 2011. It includes data on global uranium exploration, resources, production and reactorrelated requirements. Uranium resources, revised estimates, december 1967.
1079 1267 1201 1546 312 1459 430 115 949 930 1331 1423 1333 784 1234 533 674 840 177 619 225 126 330