ESA reviews COVID impacts on supply and demand

The COVID-19 pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services, the Euratom Supply Agency (ESA) says in its newly released 2020 Annual Report . The report provides an overview of nuclear fuel supply and demand in the EU. (Image: Pixabay)

"In 2020, in response to the Covid-19 pandemic, nuclear installation operators and national regulatory authorities in the EU implemented exceptional measures to maintain essential operations, whilst prioritising nuclear safety," ESA notes in the report .

"The Coronavirus pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services. Spot U3O8 prices have risen substantially with further upward expectations. The conversion market that experienced price increases in the past two years due to […]

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