UxC Special Report
Examining the Impact of the Russian HEU Feed Deal

How will the recently completed Russian HEU
feed deal impact the nuclear fuel industry?

The Ux Consulting Company (UxC) has just completed a detailed study of the terms and conditions of the purchase of the Russian HEU feed by Cameco, Cogema and Nukem. This study, by combining analysis from several UxC Market Outlook reports, examines in detail the complex contractual relationships between the three western companies, the Russian companies Techsnabexport and GNSS, and the involvement of the U.S. government agencies. As an added bonus, a chronology of events leading to the completion of the deal is included.

  • Uranium
    The basis of this study is included in the April 1999 edition of our Uranium Market Outlook quarterly report. In addition to the contractual relationships, it examines such factors as the quantities to be sold and returned to Russia, the nature of the buyers' options to purchase and the minimum floor price, the likely sales strategies of the marketing agents and, most importantly, the overall impact on the global market from this major transaction.
  • Conversion
    Because the feed material is delivered to the western consortium as UF6, the effects on the conversion market must also be considered. This study includes analysis done in the May 1999 Conversion Market Outlook annual report, which looks at the effects of the recently completed Russian HEU deal on conversion suppliers.
  • Enrichment
    An extra supplemental section is included which is taken from the May 1999 Enrichment Market Outlook quarterly report. This section provides a detailed technical explanation of the blending process and presents the near- and long-term impacts on the Russian enrichment capacity.



    This study is available for the price of US$1,500 (or US$1,000 for customers that are already subscribers to The Ux Weekly). For more information, please contact Eric Webb at (770) 642-7745 or via e-mail at . We hope you are interested in this report, and if we can provide of any other services for your nuclear fuel consulting and market information needs, please do not hesitate to contact us.

    • For additional information please contact Eric Webb at
    Phone: (770) 642-7745 Fax: (770) 643-2954 Internet:

    Updated: 6/7/99