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Uranium Resources and Supply

by James Cameron and Maurice V. Hansen*

Over the next decades the supply of uranium will be a vital factor in the fulfilment of the world's nuclear power programmes. Forecasts of nuclear power installation, which have only been marginally modified in the last two years, indicate spectacular increases over the next decades. The consequent demand for uranium will also increase proportionally during this period and the uranium producing industry is faced with considerable problems in discovering and developing sufficient resources to meet long term demand and in finding adequate production capacity in the short term.

The IAEA together with the Nuclear Energy Agency of OECD has been concerned with the problems of uranium supply and demand for a number of years and has produced, at roughly two-year intervals, a series of reports on these subjects so as to provide the Governments of Member States and the uranium and nuclear power industry with the best available information on these subjects The latest report in this series, compiled by the joint NEA/IAEA Working Party and entitled "Uranium Resources, Production and Demand" was published by NEA(OECD) in December 1975.