Megatrends in the nuclear fuel business

The fuel side of the nuclear industry has had a difficult decade. Prices rose and fell sharply; supply and demand became far out of balance; mines closed while new, high-grade deposits were developed. The United States reduced production by two-thirds within a few years. The centre of Canadian production moved west. Although there are still problems, there are signs that the next decade will be calmer. Today the excess of production over consumption is not so large as it has been, prices are improving, and market changes are less violent. There will still be uncertainties, but the controlling variables are stabilizing. Estimates of future consumption have a much more solid basis than they had in the early 70s