UxC's Uranium Market Outlook (UMO) highlights recent developments and their impact on the market.

Each UMO quarterly report 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 quarter's essay, "Implications of Russia's War for the Uranium Market," provides a detailed analysis of how Russia's war on Ukraine has impacted and will reshape the global uranium market. The essay details potential new supply and demand scenarios for the open, competitive uranium market that assumes a ban of Russian uranium, as well as a potential ban of Russian-owned Kazakh uranium to the U.S.

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.

Uranium Suppliers Annual

Sometimes referred to as "The Uranium Bible", the Uranium Suppliers Annual contains comprehensive data and information on all of the world's uranium suppliers, including detailed sections on planned producers and junior/exploration companies.

Whether you are a utility, producer, trader, or investor, the Uranium Suppliers Annual provides the basis for understanding potential future developments surrounding the availability of supply, particularly since uranium production has continued to be sub-par against a backdrop of growing demand. In light of the increasing volatile nature of the uranium market, primary and potential suppliers are continuously re-evaluating their properties and future production plans, as well as expanding exploration programs where economically feasible.

Uranium Production Cost Study

The Uranium Production Cost Study complements UxC's Uranium Market Outlook (UMO) and Uranium Suppliers Annual (USA) in identifying where expanded and new uranium supply will come from over 100 worldwide projects to meet future nuclear fuel demand through 2035.

UxC's Conversion Market Outlook (CMO) details an often overlooked market.

Each bi-annual report 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 is the 2022 mid-year market update version of the Conversion Market Outlook.

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.

Conversion & Enrichment Supplier Assessments (CESA)

Since 2020, UxC has been issuing a special annual report entitled Conversion & Enrichment Supplier Assessments (CESA), that was published in December 2020. This report addresses important questions about supply reliability in the conversion and enrichment markets, and presents a new tool to compare suppliers active within in these markets.

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 EMO quarterly report 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 quarter's essay, "Where Could New SWU Supply Come From?" updates the latest situation in terms of the future open market supply/demand picture given expectations for reduced Russian SWU/EUP deliveries. Next, the analysis turns to an evaluation of all the possible sources of new SWU supply that could replace lost Russian supplies, focusing on the near-, medium-, and longer-terms, along with the corresponding market conditions that may be required to support any new SWU supplies over these periods.

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.

Conversion & Enrichment Supplier Assessments (CESA)

Since 2020, UxC has been issuing a special annual report entitled Conversion & Enrichment Supplier Assessments (CESA), that was published in December 2020. This report addresses important questions about supply reliability in the conversion and enrichment markets, and presents a new tool to compare suppliers active within in these markets.

UxC's Fabrication Market Outlook (FMO)

With a long history of tracking the unique fabrication market, UxC issues an annual comprehensive and up-to-date Fabrication Market Outlook (FMO) report addressing the commercial, economic, institutional, and technical aspects of this sector. Fabrication differs greatly from other steps in the fuel cycle. Its high technical content, need for regulatory approval, and the restriction of fuel assemblies to specific reactors require a unique approach to its analysis. To those with little knowledge of fuel fabrication and its markets, this report can serve as a primer providing a solid background and understanding of how its markets function. To those knowledgeable in the fundamentals, it offers analyses of a variety of its aspects based on several decades of participation. To those who are actively involved in the industry, it supplies additional insights to assist in the improvement of existing nuclear fuel programs and in the development of new ones.

This year's in-depth topical essay titled "Impacts from Unique Reactor Operating Issues" examines the various effects on the fabrication industry from non-standard reactor operating conditions. This includes a discussion of recent and anticipated future trends and their impacts on fabrication from such reactor conditions as new reactor first cores, extended outages and reactor restart cores, final cores for retiring reactors, and unused fuel from canceled or abruptly closed reactors.

UxC's Nuclear Grade Zirconium Alloy Market Outlook

UxC has prepared a new special report to provide an overview of the zirconium alloy market for the nuclear industry entitled Nuclear Grade Zirconium Alloy Market Outlook. Nuclear-grade zirconium alloys and products are used in the fabrication of fuel assemblies, which are used in the vast majority of nuclear reactor designs either currently operating, under construction, or planned around the world. As the nuclear renaissance takes hold in countries all over the globe, many questions about the international nuclear supply chain have arisen. The supply of nuclear-grade zirconium – from zircon mineral sand through the cladding and components used in finished fuel assemblies – has also not escaped this scrutiny. Therefore, the primary objective of this report is to factually and analytically approach the current and expected future direction of the nuclear-grade zirconium market to help formulate clear conclusions about how producers of fuel assemblies for nuclear reactors will obtain the necessary zirconium for their finished products.

UxC's Nuclear Power Outlook (NPO)

Each NPO quarterly report, at over 200 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 quarter's Chapter 1 - Nuclear Power Market Trends & Analysis focuses on the dramatic changes to national energy policies unfolding in Europe as a result of Russia's war in Ukraine and the implications this is having for nuclear power developments in the region. Our "In The Spotlight" section this quarter reviews a new report by the OECD's Nuclear Energy Agency focusing on nuclear power's role in reaching Net Zero targets by 2050.

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.

UxC Analyzes Reactor Technology

In March 2013, UxC issued a new special report on the SMR Market Outlook (SMO). This 450 page report provides comprehensive commercial and technical analysis of the overall SMR market and detailed reviews of the leading SMR designs in the world. The SMO report is the result of UxC's continuing efforts to provide its global clients with insightful products and services in the SMR sector. It includes a global SMR market review along with a global outlook for SMR market developments as well as deployment forecasts to 2040.

In December 2010, UxC issued a groundbreaking special report on Small Modular Reactor Assessments (SMRA). This report's objective is to provide technical, economic, and other commercial assessments of each of the SMR designs being developed in the world today. In addition, the report provides an in-depth discussion of the broader issues impacting SMRs, such as the keys to successful deployment for SMRs, comparisons with larger reactor technologies, specific applications for SMRs, and the broader issues facing potential customers for SMRs.

In August 2008, UxC completed a special report on Nuclear Reactor Technology Assessments (NRTA). This in-depth study provides nuclear reactor technology assessments and overall evaluations of the major reactor designs currently available in the world. The decision of which reactor design to pursue is an extremely important one and must be based on many factors, such as the robustness of the technology, the constructability of the plant, the plant economics - both initial and operating, the type of fuel used, the ability to license and regulate, among a variety of other considerations.