Yellow Cake Plc Uranium Market Overview
Uranium market update
July 2021
Euratom Supply Agency (ESA)
■ The Euratom Supply Agency (ESA) released it's "Annual Report - 2020" (2 July, 2021) which documents nuclear fuel
activities by the commercial nuclear power industry within the European Union and the United Kingdom
92
U
כ
YELLOW CAKE PLC
■ Gross uranium requirements totalled 41.1 Mlb in 2020 with the utilities purchasing 32.7 Mlb (97% under multi-year/term
uranium agreements)
■ The five principal EU uranium suppliers included Niger, Russia, Kazakhstan, Canada and Australia which in total provided
91.3% of the total uranium acquired during the year
■ Uranium inventories fell slightly from the 2019 level to 110.2 Mlb, down considerably from the 2016 inventory level of
133.9 Mlb
■ Forward uranium coverage ranges from 116% in 2024 declining to 57% by 2029
International Energy Agency (IEA)
■ The International Energy Agency (IEA) released the third revision of it's Special Report entitled, "Net Zero by 2050, A
Roadmap for the Global Energy Sector."
■ This comprehensive study examines requisite policies to reach the goal of net zero GHG emissions by the middle of this
century
■ Nuclear power plays a significant role in the analysis increasing from an assumed current 415 Gwe installed capacity up to
812 Gwe by 2050 (Note: Based upon current reactor fuel design and management strategies, annual uranium
requirements would approximate 365 Mlb per year by 2050)
■ The report concludes that "At its peak in the early 2030s, global nuclear capacity additions reach 30 Gwe per year, five-
times the rate of the past decade."
5View entire presentation