Globalisation of the nuclear fuel cycle

Three main features of the globalisation of the nuclear fuel cycle are identified and discussed. The first is an increase in the scale of the nuclear fuel cycle materials and services markets in the past 20 years. This has been accompanied by a growth in the sophistication of the fuel cycle. Secondly, the nuclear industry is now more vulnerable to outside pressures; it is no longer possible to make strategic decisions on the industry within a country solely on national considerations. Thirdly, there are changes in the decision-making process at the political, regulatory, operational and industrial level which are the consequence of global factors. (UK)