Long-run price projections for uranium: an evaluation of methodologies. Final report

In this report methodologies are evaluated for projecting prices of U3O8 in the long run (roughly, beyond the year 2000) and suggest further research in the development of long-run price projections and also methodologies for projecting prices in the intermediate run (to 1990). The perspective that is brought to the evaluation of price projection methodologies is based in economics and engineering. Specifically of interest are the amount of U3O8 that could potentially be supplied (depending on the lead time, conventional and unconventional resources, available technologies, and the cost and availability of factor inputs into mining, milling, and exploration) and with the amount that will actually be supplied. The critical role of price in determining this latter quantity is explored