Published February 2006 | Version v1
Journal article

New information on world uranium resource, production, supply and demand

  • 1. Beijing Research Inst. of Chemical Engineering and Metallurgy, CNNC, Beijing (China)

Description

New information on world uranium resource, production, supply and demand is introduced. Up to now, explored uranium resources at production cost <USD 40/kg U has 2523257 t uranium; production cost <USD 80/kg U has 5911514 t uranium; production cost <USD130/kg U has 11280488 t uranium; and cost range unassigned has 3102000 t uranium. At moment, the demand uranium of each year is about 67000 t U. After 2020, world uranium demand will rise well above 100000 t per annum with sharp revival of nuclear power plants. With three kinds of economic growth the cumulative requirement of the uranium in low demand case, middle demand case and high demand case from 2000 to 2050 is 3390000, 5394100 and 7577300 t respectively. In the world market uranium price rises from 20 years lowest 18.2 USD/kg U to 75.4 USD/kg U. In 2003, global uranium product is about 35385 t U, and 2004, global uranium product is about 40475 t U. In 2004's world uranium production underground mining, open pit, in situ, by product, and combination account for 39%, 27%, 19%, 11% and 4% respectively. (authors)

Additional details

Publishing Information

Journal Title
Uranium Mining and Metallurgy
Journal Volume
25
Journal Issue
1
Journal Page Range
p. 21-28, 33
ISSN
1000-8063

Optional Information

Notes
2 figs., 9 tabs., 14 refs.