TradeTech Forecasts Primary Supply Gap in Uranium Conversion Market
Denver, CO (PRWEB) April 27, 2010
Uranium conversion production capacity is adequate for today’s global requirements, but a supply gap exists as primary conversion production has lagged below target levels in recent years. While secondary supplies are currently adequate to fill this gap, there is an imbalance within the Western market between deliveries in North America versus the European Union. Transportation of uranium hexafluoride (UF6) will continue to be required to address this imbalance, according to industry analyst TradeTech’s “Uranium Conversion 2010” report.
“The regional hot spot for growth in uranium conversion requirements is the Asian market. “China dominates the conversion requirements growth picture with four times more growth than the next country, the USA. In fact, three of the top five countries in conversion requirements growth are in the Asian Pacific Rim region,” said TradeTech President Treva Klingbiel.
“Spot prices for uranium conversion declined after the 2006 peak, due to an abundance of spot supply and limited spot demand, and dropped dramatically over the last year on the US Department of Energy’s (DOE) announcement to release UF6 inventory into the market,” Klingbiel stated.
TradeTech’s “Uranium Conversion 2010” provides an in-depth analysis of this evolving market, which involves an important step in the nuclear fuel cycle. The report includes current market activity, supplier profiles, market demand and cost trends, cost variations for the North American and European markets, as well as world supply, demand, and price forecasts. For further information on this report, please contact TradeTech at: info(at)tradetech(dot)com, with your full name, company name, title, telephone number, and e-mail address.
(Editor’s Note: Uranium conversion is one step in the front end of the nuclear fuel cycle that involves a chemical process that converts uranium oxide (U3O8) into uranium hexafluoride (UF6). Conversion is a necessary feature for the next step within the nuclear fuel cycle, which is uranium enrichment.)
TradeTech, and its predecessor companies–NUEXCO Information Services, CONCORD Information Services, and CONCORD Trading Company–has supported the uranium and nuclear fuel cycle industry for more than 40 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, participates in the buying and selling of uranium products and services, and maintains an extensive information database on these industries.
TradeTech publishes the Nuclear Market Review (NMR) each Friday evening, which reports the weekly uranium spot market price, uranium trading activity, industry news, and market data. The monthly edition of the NMR, published on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Price Indicators, as well as analysis related to these price determinations, supply/demand information, and industry news. TradeTech also publishes The Nuclear Review, a monthly trade publication dedicated to the international uranium and nuclear energy industry.
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