The Uranium Market Outlook
Special Issue Offer: UMO Examines Impact of Financial Crisis on Uranium Market The recent financial crisis has spared no sector of the economy, the uranium market and nuclear power included. Spot uranium prices dropped notably as hedge funds and other financial players facing redemptions and cash flow problems destocked. The market has recovered recently, but questions remain about its course going forward. Certainly, lower prices and tougher credit markets have had and will continue to have an impact on production. In this regard, AREVA and Denison Mines just announced the delay of the Midwest project in Saskatchewan, Canada and other production stoppages have been announced. But, the crisis also negatively impacts nuclear power growth, reducing future demand prospects as well.

Uranium Market Outlook The recent and prospective impact of the financial crisis on the uranium market is examined in UxC's just-released Uranium Market Outlook (UMO). The UMO topical essay is devoted to this subject, and the impact is addressed in our market outlook and price forecasts. In the essay, we explore the many ways the crisis can affect the market, specifically from the standpoint of how we analyze the market – future production, new reactor builds, inventory policies, investor participation in the market, exchange rates, and government policies. Some of these developments will positively affect price and some negatively (as witnessed recently). While this story is sure to evolve, it is important to develop a framework to assess recent and prospective developments.

This quarter's report, at 138 pages published on November 24, 2008, 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. A table of contents has been provided for your review.

In light of the turmoil in the market, UxC is making this quarter's UMO available as a special single report order at a rate of US$5,000.00. An online order form has been provided.
Please note that this special offer only covers this quarter's UMO report. It does not include services associated with a full year's subscrption as discussed below: such as three additional quarterly reports, the monthly leading spot price indicator updates, and access to UxC's Subscriber Services website.
A quarterly report on the uranium market that examines recent and prospective spot and long-term contract market activity, supply and demand trends, supplier developments, and the outlook for prices over the short and long term. The Uranium Market Outlook also includes a topical essay on important developments that are shaping the market and detailed findings from UxC's proprietary indicator system that analyzes trends in key factors influencing future prices.

Please see our product flier in Adobe Acrobat PDF format.
The Uranium Market Outlook reports are organized as follows:
The report starts with a color executive summary, with an extra copy to circulate, providing a concise overview of the current market situation. An advance copy of the executive summary is now e-mailed to subscribers.
Chapter 1 contains a topical essay that addresses key events and their potential impact on the market. Examples of past essays are listed here.
In Chapter 2 - Recent Contracting Review, recent spot and long-term market activity over the previous quarter is reviewed, and current contract terms and conditions are summarized.
Chapter 3 - Requirements and Demand Outlook looks at recent developments affecting reactor requirements in the U.S. and non-U.S. markets, along with the current UxC forecast of Western requirements. This section also examines the spot demand outlook over the next three years, and the long-term contract demand outlook.
Chapter 4 - Production and Supply Outlook reviews recent production developments worldwide and the current status of major Western world projects. Also examined are inventory sellers and potential spot supply over the next three years.
Following the production and supply chapter is Chapter 5 - Uranium Spot Market Indicators & Technical Analysis, which presents a detailed update of two sets of leading indicators designed by UxC to quantify market factors that are affecting price outlook in the near-term and two years forward, along with a technical analysis of near-term price movements. Included with a subscription to the quarterly report are monthly updates of UxC's near-term price indicators, a predictive tool used to gauge potential spot movements two to three months forward.
In the final chapter of this report, Chapter 6 - Market Outlook and Price Forecast, the market is analyzed in terms of a one-year and intermediate-term perspectives, and ten-year forecasts are provided for the uranium spot prices. The near-term availability of supply by price, potential spot market transactions, EUP and FSU market trends, technical analysis of spot prices, and bullish and bearish arguments for price movements are also presented in this chapter.
The report contains three appendices. The first appendix, Appendix A - Glossary & Acronyms, contains a listing and definition of industry specific terms used in this and other UxC reports. Appendix B - Forecasting Methodology details the various methodologies used in this report to forecast price, supply, demand, and market price indicators. The last appendix, Appendix C - Statistical Review, contains tables and figures that provide additional and expanded data to those presented in the body of the report. It is designed to be used as a standard reference source providing both historical and current market data.

Who should read this report:

Fuel buyers Policy makers Producers Investors
For additional information please contact Eric Webb at
Phone: (770) 642-7745 Fax: (770) 643-2954