World uranium supply and demand: Buyer's banquet?

This articule reviews the present (end of 1993) world-wide uranium market and attempts to focus on the 1994-2004 market. Market forces discussed include: (1) reactor uranium demand, (2) natural uranium production (3) utility inventory drawdown, (4) reprocessing products, (5) the Russian stockpile, (6) loans, and (7) inventories of HEU. The following conclusions were reached: (1) reactor demand will be satisfied during this period, (2) Russia could be the single most important influence on the world uranium market, (3) there would be no need for new mine development is the Russian material is allowed into the market, and (4) the market will be in oversupply, so price increases will be limited