Inventories in Decline
UxC's 20th edition of the Uranium Suppliers Annual (USA) offers comprehensive coverage of primary producers, domestic producers, planned producers, junior/uranium exploration companies, traders, and financial funds. The USA also features a quantitative risk assessment tool to compare primary producers within the uranium market.
Slow-to-respond global uranium production accounted for only 80% of UxC's Base Case Demand in 2024. Recognizing the supply-demand imbalance, financial-related buyers have acquired 77 million pounds U3O8 over the last four years, leading to a sharp decline in mobile inventories and higher uranium prices.
Furthermore, Russia's military invasion of Ukraine in 2022 and Niger's military coup d'etat in 2023 have heightened supply security concerns, prompting the restart of past-producing projects and startup of new projects in countries regarded as more politically stable with lower geopolitcal risk.
Nuclear power is increasingly seen as a reliable source of baseload, carbon-free power, which has attracted the interest of top global tech companies to power data centers. Meanwhile, China continues its massive nuclear energy expansion, and new entrants such as Poland, the UAE, Egypt, Saudi Arabia, and Türkiye advance their nuclear power programs as well.
While it is critical for new projects to be developed in the next few years to avoid a further spike in uranium prices, this could prove challenging given financing difficulties and lengthy development timelines.
Preparing for the Future
UxC's latest USA report contains comprehensive data and information on all of the world's uranium suppliers, including production forecasts, operational considerations, supplier/project risk analysis, production cost estimates, mill capacities, project reserves, supplier/facility summaries, and Google Maps data. In the latest edition, 51 junior/exploration companies have been added, reflecting the shift to discovering new uranium resources to meet future demand growth.
Furthermore, USA examines supplier marketing strategies, allowing buyers to understand the capabilities and motivations of suppliers, as well as the political, social, and economic environments in which they operate.
What's Inside
For each primary and planned producer, detailed tables are provided on mill and mine data, which include:
- Status
- Location
- Ownership Interest
- Nominal Capacity (Mills)
- Process (Mills)
- Estimated Reserves (Mines)
- Percent Average Ore Grade (Mines)
- Mine Type
- Estimated Production Cost
Additional information covered on each primary and most planned producers include:
- Company Overview
- Driving Force
- Projected Production Based on Ownership Share
- ESG Compliance
- Marketing Strategy
Please see our product flier and table of contents in Adobe Acrobat PDF format.
Ordering Information
UxC's new 2024 USA was published in late December 2024 and is now available for immediate purchase. Pricing is as follows:
- Full Price: US$6,000.00
- Discount for UMO or UPCS subscriber: US$4,500.00
- Discount for UMO and UPCS subscriber: US$3,500.00
An online order form is now available.
