Uranium Resources, Production and Demand, 1999 (2000 Edition).

In recent years, the world uranium market has been characterised by an imbalance between demand and supply and persistently depressed uranium prices. World uranium production currently satisfies between 55 and 60 per cent of the total reactor-related requirements, while the rest of the demand is met by secondary sources including the converstion of excess defence material and stockpiles, primarily from Eastern Europe. Although the future availability of these secondary sources remains unclear, projected low-cost production capability is expected to satisfy a considerable part of demand through to 2015. Information in this report provides insights into changes expected in uranium supply and demand over the next 15 years.