Are world uranium resources sufficient to fuel global growth in nuclear generating capacity?

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 several, particularly in the developing world, are considering introducing nuclear power as a means of meeting rising electricity demand without increasing greenhouse gas emissions. Others have recently decided to either withdraw from the use of nuclear power or not proceed with development plans following the accident at the Fukushima Dai-ichi nuclear power plant in Japan in March 2011. Since the mid-1960, the OECD Nuclear Energy Agency and the International Atomic Energy Agency have jointly prepared a comprehensive update of global uranium resources, production and demand (commonly known as the 'Red Book'. The Red Book is based on government responses to a questionnaire that requests information on uranium exploration and mine development activity, resources and plans for nuclear development to 2035. This presentation provides an overview of the global situation based on the recently published 2011 edition. It features a compilation of global uranium resources, projected mine development and production capability in all the countries currently producing uranium or with plans to do so in the near future. This is compared to updated, post-Fukushima demand projections, reflecting nuclear phase-out plans announced in some countries and ambitious expansion plans of others. The 2011 Red Book shows that currently defined uranium resources are sufficient to meet high case projections of nuclear power development to 2035. (authors)