The Uranium Resource: A Comparative Analysis

Conference · Sun Jul 01 00:00:00 EDT 2007

OSTI ID:20979734

Schneider, Erich A ^[1]; Sailor, William C ^[2]

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1. The University of Texas at Austin, 1 University Station C2200, Austin, TX, 78712 (United States)
2. Los Alamos National Laboratory, PO Box 1663, Los Alamos, NM, 87545 (United States)

An analogy was drawn between uranium and thirty five minerals for which the USGS maintains extensive records. The USGS mineral price data, which extends from 1900 to the present, was used to create a simple model describing long term price evolution. Making the assumption that the price of uranium, a geologically unexceptional mineral, will evolve in a manner similar to that of the USGS minerals, the model was used to project its price trend for this century. Based upon the precedent set by the USGS data, there is an 80% likelihood that the price of uranium will decline. Moreover, the most likely scenario would see the equilibrium price of uranium decline by about 40% by mid-century. (authors)

• Research Organization: American Nuclear Society, 555 North Kensington Avenue, La Grange Park, IL 60526 (United States)
• OSTI ID: 20979734
• Resource Relation: Conference: Advanced nuclear fuel cycles and systems (GLOBAL 2007), Boise - Idaho (United States), 9-13 Sep 2007; Other Information: Country of input: France; 5 refs; Related Information: In: Proceedings of GLOBAL 2007 conference on advanced nuclear fuel cycles and systems, 1873 pages.
• Country of Publication: United States
• Language: English

Related Subjects

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS
FORECASTING
MINERALS
PRICES
URANIUM
URANIUM DEPOSITS