Summary

This report contains the first IAEA projection of uranium supply and demand to 2050 and provides the reader with an understanding of how some alternative uranium supply scenarios could evolve over this period. The analysis is based on the current knowledge of uranium resources and production facilities, and takes into account the premise that they can operate with minimal environmental impact and employ the best practices in planning, operations, decommissioning and closure. It is assumed that the most economic production technology is used. The report is based on published projections of uranium requirements covering a wide range, from a very low to a very high level, of utilization of nuclear power.