Uranium 2007

Resources, Production and Demand

image of Uranium 2007
Based on official information received from 40 countries, Uranium 2007 provides a comprehensive review of world uranium supply and demand as of 1st January 2007, as well as data on global uranium exploration, resources, production and reactor-related requirements. It provides substantive new information from major uranium production centres in Africa, Australia, Central Asia, Eastern Europe and North America. Projections of nuclear generating capacity and reactor-related uranium requirements through 2030 are also featured, along with an analysis of long-term uranium supply and demand issues. It finds that with rising demand and declining inventories, uranium prices have increased dramatically in recent years. As a result, the uranium industry is undergoing a significant revival, bringing to an end a period of over 20 years of underinvestment.

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Nuclear Energy Agency

The first reconnaissance for uranium started in 1952 when, with Soviet participation, material from Hungarian coal deposits was checked for its radioactivity. The results of this work led in 1953 to a geophysical exploration programme (airborne and surface radiometry) over the western part of the Mecsek Mountains. The discovery of the Mecsek deposit was made in 1954 and further work was aimed at the evaluation of the deposit and its development. The first shafts were placed in 1955 and 1956 for the mining plants I and II. In 1956, the Soviet-Hungarian uranium joint venture was dissolved and the project became the sole responsibility of the Hungarian State.

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