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Nuclear Fuel Supply Forum

Enrichment Market Outlook
Uranium Enrichment: An Evolving and Complex Market

Enrichment Market Dynamics

The enrichment market is continually evolving as supply and demand fundamentals shift. The industry is now based entirely on gas centrifuge technology, but the market is adapting to various other changes, including a significant drop in fuel demand after Fukushima, as well as issues such as geopolitical events and trade restrictions. In this environment, UxC's quarterly Enrichment Market Outlook (EMO) reports are invaluable for identifying those forces influencing the enrichment market and analyzing supply, demand, and price trends.

Quarterly Updates

Enrichment plays a crucial role in the nuclear fuel market, and UxC's EMO provides clients with the most up-to-date and in-depth information and analyses. In addition to providing trusted price projections, these quarterly updates offer a complete review of all the latest relevant market and contracting developments along with expert insights into the future market direction.

Please see our product flier in Adobe Acrobat PDF format. A table of contents from a previous report has been provided for your review.

Special Issue Offer

Each quarter, UxC releases a new Enrichment Market Outlook (EMO) that contains detailed up-to-date analysis on the enrichment market. UxC makes available any individual report for sale as a stand alone report. In each EMO, topical essays are devoted to topics such as current market developments, major market events, and long-term market trends.

This issue’s essay, “Impact of Centrifuge Lifetimes on SWU Term Prices,” examines how enrichers will be able to continue to provide primary enrichment services in the long run given historically low SWU prices. More specifically, we study the issue of how different assumptions for the lifetimes of existing centrifuges and the timing of their future replacements could affect enrichment prices in the future.

UxC makes this quarter's EMO available as a special single report order at a rate of US$4,375.00. An online order form has been provided.

Please note that this special offer only covers this quarter's EMO report. It does not include services associated with a full year's subscription as discussed below: such as three additional quarterly reports, the monthly leading price indicator updates, and access to UxC's Subscriber Services website.

Standard Features

  • 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.
  • Chapter 2 - Recent Contracting Review reviews recent contracting activity in both the spot and long-term enrichment markets and describes some of the key developments and trends in contracting activity.
  • Chapter 3 - Requirements and Demand Outlook analyzes world reactor demand and changes to SWU requirements on a regional basis, as well as an update to unfilled enrichment requirements through 2035.
  • Chapter 4 - Primary and Secondary Supply Outlook examines spot and long-term supply sources out to 2035, including updates for each primary SWU supplier and all sources of secondary or inventory supplies of SWU and EUP.
  • Chapter 5 - Enrichment Spot Market Indicators & Technical Analysis presents a detailed update of leading indicators for the long-term SWU price that quantify market factors that affect the price outlook two years forward, along with a technical analysis of near-term price movements. Updates of near-term market indicators are provided in a monthly supplement.
  • Chapter 6 - Market Outlook and Price Forecast discusses near-term market fundamentals, bullish and bearish arguments for price movements over the medium term, and three scenarios of forecasts for base prices under long-term contracts through 2035 using UxC's proprietary SWU-PRICE® model of the enrichment market.
  • The report contains four appendices:
    • 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 methodologies used in this report to forecast market price indicators.
    • Appendix C - Chronology of Events in U.S./Russian HEU Deal gives an updated listing of the events that lead up to the signing of the commercial Russian HEU feed deal.
    • Appendix D - Statistical Review contains expanded tables and figures in addition to those presented throughout the report. It is designed to be used as a standard reference source providing both historical and current market data.

You should definitely read this report if...

  • You are considering entering the enrichment market in the near future,
  • You are developing a strategy to cover needs over the next few years, or
  • You are interested in comparing contract terms and conditions.
For additional information, please contact:
Eric Webb  +1 (770) 642-7745