Increased uranium prices since 2003 have produced more activity in the sector than the previous 20 years. Nuclear reactor construction is proceeding in some countries, ambitious expansion plans have been announced in others and many others are considering nuclear power as a means of reducing greenhouse emissions. Since the mid-1960s, the OECD Nuclear Energy Agency and the International Atomic Energy Agency have jointly prepared a comprehensive update of global uranium resources, production and demand (the “Red Book”). This presentation will provide an overview of the global situation based on the recently published 2009 edition, featuring supply/demand projections to 2035.
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