Laka Foundation

Publication Laka-library:
Uranium Resources, production and demand 1979 (1979)

AuthorNEA, IAEA
DateDecember 1979
Classification 6.01.2.20/24 (URANIUM - MINING / PRODUCTION / STOCKS / PRICES)
Front

From the publication:

FOREWORD

Since August 1965, the Nuclear Energy Agency - from 1967 onwards in conjunction 
with the International Atomic Energy Agency - has periodically published reports 
on uranium resources and demand.

The present report represents yet another revision in this series, and for the first 
time includes some indications of possible extent and location of a new category of 
uranium resources, called Speculative Resources. A more comprehensive treatment 
of uranium availability has also been attempted in addition to bringing resource 
and production estimates up-to-date.

Information on uranium demand has also been revised in the light of more recent 
forecasts of the growth of nuclear power particularly the forecasts produced by the 
International Nuclear Fuel Cycle Evaluation (INFCE). OECD/NE.A was indeed asked 
on 13th December 1977 by the Co-chairmen of INFCE Working Group 1 on Fuel and 
Heavy Water Availability to consider whether the publication of the next study on 
Uranium Resources, Production and Demand could be scheduled in a way to coincide 
with the completion of the INFCE study. The Co-chairmen added that it would be of 
particular interest if the new report could include expansions and additions arising 
from the activities of Working Group 1. In this way, the report can be regarded as 
a part of the Working Group's contribution to the INFCE study, and unnecessary 
duplication of effort has been avoided.

It is important to emphasize, however, the high degree of uncertainty involved in the 
forecast of the growth of any energy source, especially when projections extend half 
a century into the future. It is also necessary to keep in mind the evolving nature 
of national nuclear growth projections. The Joint Sub-Group 1.A/ 2.A of INFCE has 
attempted to develop a range of possible projections for the growth of nuclear 
power and uranium requirements, not taking into account the social and economic 
implications of such projections. Future projections may be either higher or lower 
than those developed by INFCE.

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