Recent uranium supply-demand situation and market research in the world

The uranium price (spot price) is 20 $ /1 pond U3O8 in September, 2004, which makes a new record since 20 years. By 'Uranium: Resource, Production, Demand' (RED BOOK) (2003) arranged by OECD/NEA and IAEA, uranium resource in the world is able to supply for 85 years without reprocessing and recycle. Accordingly, nuclear power development will not be controlled by uranium resource. However, uranium producer dose not develop new mine in order to fear stock of Power Company and the large amount of secondary source of supply such as enriched uranium. Now, the production rate of uranium mines in the world is about half of demand. If the situation will continue, the uranium price should become high price. Uranium demand, uranium resource, production and supply, stock, enriched uranium from Russia, excess enriched uranium in USA, plutonium, recovery of uranium, excess plutonium by disarmament, depleted uranium and uranium market are discussed. (S.Y.)