Publication Laka-library:
Uranium Resources, Production and Demand 2024 (2025)
| Author | IAEA, NEA |
 |
6-01-2-20-116.pdf |
| Date | 2025 |
| Classification | 6.01.2.20/116 (URANIUM - MINING / PRODUCTION / STOCKS / PRICES) |
| Front |
From the publication:
Uranium 2024 Resources, Production and Demand A Joint Report by the Nuclear Energy Agency and the International Atomic Energy Agency Executive summary Uranium 2024: Resources, Production and Demand presents the most recent review of world uranium market fundamentals and offers a statistical profile of the uranium industry. It contains 62 country reports on uranium exploration, resources, production and reactorrelated requirements, 48 of which were prepared from officially reported government data and narratives, and 14 that were prepared by the secretariats of the Nuclear Energy Agency (NEA) and International Atomic Energy Agency (IAEA). The report includes projections for nuclear generating capacity and reactor-related uranium requirements through 2050, as well as a discussion of long-term uranium supply and demand issues. The data reporting period for Uranium 2024: Resources, Production and Demand (also known as the “Red Book”) covers 1 January 2021 to 1 January 2023 (calendar years 2021 and 2022), although some relevant information for 2023 and 2024 is also included in the discussions. Resources Total global uranium resources are largely unchanged compared to the previous edition of the Red Book, with total identified recoverable resources at USD 260/kgU of just over 7.9 million tU, comprised of 60% reasonably assured resources (1% increase from the previous edition) and 40% inferred resources. At USD 130/kgU, total identified recoverable resources of 5.9 million tU decreased (-3%) compared to 2021, with decreases more pronounced (-6%; -14%) at USD 80/kgU and USD 40/kgU, respectively. Decreases resulted primarily from comprehensive re-evaluations of Brazil and Uzbekistan uranium resources. A trend of re-assignment of resources to higher cost categories continued with this edition, and as of 1 January 2023, only four countries reported any resources in the USD 40/kgU cost category with 75% of the global total attributed to Kazakhstan. Globally, Australia continues to dominate the world’s uranium resources with 28% of the total identified recoverable resources at USD 130/kgU and 24% of identified resources at USD 260/kgU. Fully 68% of Australia’s uranium resource endowment, and 17% of global identified resources, are attributed to a single site, the Olympic Dam deposit, where uranium is mined as a co-product of copper. Kazakhstan’s (14%) and Canada’s (10%) approximate share of worldwide identified resources at USD 130/kgU (11% each at USD 260/kgU), remain similar as reported in the previous edition. The top 15 countries represent approximately 95% of the world’s total identified resources at the USD 130/kgU cost category and more than 90% at USD 260/kgU. Comprehensive reviews and reassessments of Brazil’s and Uzbekistan’s uranium resources resulted in the removal of approximately 170 000 tU of high-cost resources. These and smaller magnitude decreases from mining depletion in Australia and Canada and from an updated resource estimate in Zambia were, at the USD 130/kgU cost category, partially offset by increases from China, Namibia, Niger, Türkiye and the United States, primarily resulting from ongoing exploration activities. Additionally, at USD 260/kgU, increased resources primarily from the addition of new or previously not included resources for Bulgaria, Cameroon, Egypt, India, Pakistan and Saudi Arabia, partially offset by decreases associated with revised estimates at deposits in the Central African Republic and Niger, resulted in the essentially unchanged global identified resources.