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, "Extending Demand Forecasts to 2040," presents UxC's latest nuclear power and reactor requirements forecasts as well as other features of our demand projections (e.g., secondary demand), which have now all been extended through 2040 starting with the Q1 2022 report.

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.

Chapter 1 presents our essay entitled "Crystal Ball Glimpse: The Conversion Market in 2030," which looks into the future and makes a number of observations about the likely direction of the conversion market and how it might evolve through the end of this decade. This discussion includes an outlook for key market issues and the future positions of each converter in the market in 2030.

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)

UxC is pleased to announce a new special 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, "Implications of Russia's War for the Enrichment Market" provides an initial, detailed, analysis of all the ways that Russia's war on Ukraine has already and is likely to continue to reshape the global enrichment market. The essay also includes a detailed review of a potential new supply and demand scenario for the open, competitive enrichment market. This analysis pairs steep reductions in Russian supplies with consequent impacts on SWU market dynamics and prices, as well as second order effects on the uranium and conversion markets.

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)

UxC is pleased to announce a new special 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 a detailed review and initial analysis of our new nuclear power projections that have now been extended through the year 2050. Our "In The Spotlight" section this quarter analyzes the implications of the European Un-ion's inclusion of nuclear energy in its sustainable finance Taxonomy.

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.