Sufficient uranium resources exist to support the long-term, sustainable use of nuclear energy for low-carbon electricity generation as well as for other uses such as industrial heat applications and hydrogen production.
However, the impact of the ongoing COVID-19 pandemic on the industry and recent reductions in uranium production and exploration could affect available supplies. Timely investment in innovative mining and processing techniques would help assure that uranium resources are brought to market when they are needed.
These are among the main findings of the latest edition of Uranium – Resources, Production and Demand, also known as the “Red Book”, an essential global reference prepared jointly on a biennial basis by the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA).
The 2020 edition of the Red Book presents the most recent review of uranium market fundamentals, based in large part on official government information, and offers a statistical profile of the global uranium industry. It includes data on uranium resources, exploration, production and stocks, along with 45 country reports with detailed information on mine development plans, status of environmental and social aspects of uranium mining, and national regulations and policies.
Read the Red Book: Uranium – Resources, Production and Demand