World nuclear-fuel procurement: relationships between uranium and enrichment markets. Final report. International energies studies program

This article explores the relationships between international uranium and enrichment markets under current contracting and equity arrangements and in comparison with actual feed requirements for existing and committed reactors. We begin with an overview of the world situation, examining current and prospective conditions. We then consider enrichment and uranium supply and demand situations of the three consumer nations outside the United States with the largest nuclear programs: France, Japan, and the Federal Republic of Germany. We conclude with an evaluation of likely directions of change in the coupled markets for uranium and enrichment services