Red Book sees modest decrease in uranium resources but expects nuclear capacity to increase

“Uranium 2022: Resources, Production and Demand”, widely known as the Red Book, is the 29th edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency’s biennial report. The 568-page report presents the most recent review of world uranium market fundamentals and offers a statistical profile of the uranium industry. It includes 54 country reports on uranium exploration, resources, production and reactor-related requirements, 36 of which were prepared from officially reported government data and narratives, and 18 that were prepared by the NEA and IAEA secretariats.

Overall, global uranium resources decreased "modestly" in the reporting period (January 2019 to January 2021) compared with slight increases in previous recent editions. This was mainly due to mining depletion and cost category re-assignments of resources in Kazakhstan and Canada. However, Australia continues to lead with 28% of the world’s identified recoverable resources. Global expenditures on domestic exploration and mine development decreased […]

Click here to view original web page at www.neimagazine.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.