[en] The Uranium Market Model is used to make projections of activity in the US uranium mining and milling industry. The primary data sources were EIA, the Nuclear Assurance Corporation, and, to a lesser extent, Nuexco and Nuclear Resources International. The Uranium Market Model is a microeconomic simulation model in which uranium supplied by the mining and milling industry is provided to meet the demand for uranium by electric utilities with nuclear power plants. Uranium is measured on a U₃O₈ (uranium oxide) equivalent basis. The model considers every major production center and utility on a worldwide basis (with Centrally Planned Economies considered in a limited way), and makes annual projections for each major uranium production and consumption region in the world. Typically, nine regions are used: the United States, Canada, Australia, South Africa, Other Africa, Europe, Latin America, the Far East, and Other. Production centers and utilities are identified as being in one of these regions. In general, the model can accommodate any user-provided set of regional definitions and data