Uranium 2014

Uranium is the raw material used to fuel over 400 operational nuclear reactors around the world that produce large amounts of electricity and benefit from life cycle carbon emissions as low as renewable energy sources. Although a valuable commodity, declining market prices for uranium since the Fukushima Daiichi nuclear power plant accident in 2011, driven by uncertainties concerning the future of nuclear power, have led to the postponement of mine development plans in a number of countries and raised questions about continued uranium supply. This 25th edition of the “Red Book”, a recognised world reference on uranium jointly prepared by the OECD Nuclear Energy Agency and the International Atomic Energy Agency, provides analyses and information from 45 producing and consuming countries in order to address these and other questions. It includes data on global uranium exploration, resources, production and reactor-related requirements. It offers updated information on established uranium production centres and mine development plans, as well as projections of nuclear generating capacity and reactor-related requirements through 2035, incorporating policy changes following the Fukushima accident, in order to address long-term uranium supply and demand issues.