UxC's Enrichment Market Outlook (EMO) Covers a Dynamic and Key Segment of the Overall Nuclear Fuel Market.
Enrichment developments not only are important for understanding the enrichment market, but are
also crucial for understanding the future progression of the uranium market.
Since uranium and enrichment are substitutes, increases in enrichment supply can
have a major impact on the future demand for uranium.
Each quarterly report, at over 110 pages, covers key supply and demand developments as well as the
overall supply and demand situation, reviews spot and long-term contract activity over the
past three months, provides a near-term technical analysis along with detailed spot market
indicators, projects prices under different market scenarios with associated probabilities,
and examines key developments in the market through a topical essay.
This issue’s essay, “China’s Evolving Role in the Enrichment Market,” examines the growing position of China in the global enrichment market as both an exporter as well as importer of SWU. China has been participating in the international enrichment market for over two decades, and, while its role in the market has shifted over the years, the general trajectory has been one of increasing influence on the overall market. This essay reviews China’s current demand and supply for SWU, its rationales for exports, and several other facets of its enrichment industry. By analyzing three supply and price forecast scenarios, it provides a framework to assess China’s current and future actions as they relate to the enrichment market.
Also included are a review of recent market activity and a look a current and prospective activity,
and a detailed listing of reactor and production developments that promise to shape the future market.
USEC recently declared its intention to file for Chapter 11 bankruptcy and re-emerge as a leaner, new enrichment company. What will
happen to the American Centrifuge Project (ACP)? Where will USEC find the funding for the ACP? How will the new USEC survive until
an ACP plant can be built? These are just a few of the multitude of questions raised by the USEC bankruptcy announcement. UxC’s USEC
Watch subscriber service follows all of USEC’s activities in depth and analyzes their consequences for the company and also for
their impact on the enrichment market as a whole. Learn more about the ESA.
This report is focused on in-depth descriptions and analyses of the major uranium enrichment suppliers, their sources of Separative
Work Units (SWUs) supply , and the enrichment technologies they employ. Details on each enricher include, among other items:
Company history, Ownership & Organizational structure, Financial status & performance, Importance of enrichment to its overall
business, Current and future sources of enrichment supplies, Market strategy, Client base and contract portfolio, and Direct impact
of any trade restrictions on its enrichment business. Learn more about USEC Watch.
“End of an Era: The HEU Agreement and Beyond,” examines the HEU deal from an historical standpoint, and addresses the impact of the
deal’s end on the parties to the deal and nuclear fuel market as a whole. In this regard, the essay takes a close look at the fate
the Russian enrichment plants, Russia’s enrichment industry after the HEU Agreement, and the fate of USEC. Looking forward, we turn
to examining the likelihood of follow-on to the HEU Agreement as well as the prospects for the SWU and uranium markets in the
post-HEU era. Get more information.