A Joint Report by the OECD Nuclear Energy Agency and the International Atomic Energy Agency,2012.The report presents,in addition to updated resource figures,the results of the most recent review of world uranium market fundamentals and provides a statistical profile of the world uranium industry as of 1 January 2011. It contains official data provided by 34 countries and 8 national reports prepared by the joint NEA-IAEA Secretariat on uranium exploration, resources, production and reactor-related requirements. Projections of nuclear generating capacity and reactor-related uranium requirements through 2035 are presented as well as a discussion of long-term uranium supply and demand issues.
Total identified uranium resources have increased by over 12% since 2009, adding more than 12 years of global reactor requirements to the existing resource base, but costs of production have also increased. Total identified resources (reasonably assured and inferred) as of 1 January 2011 declined slightly to 5 327 200 tonnes of uranium metal (tU) in the <USD 130/kgU (<USD 50/lb U3O8) category, a decrease of 1.4% compared to 1 January 2009. In the highest cost category (<USD 260/kgU or <USD 100/lb U3O8) which was reintroduced in 2009, total identified resources increased to 7 096 600 tU, an increase of 12.5% compared to the total reported in 2009.
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