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Nuclear Power and the Uranium Market: Are Reserves and Resources Sufficient?

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  • Roman Mendelevitch
  • Thanh Thien Dang

Abstract

The increase of the use of atomic power in some emerging economies, in particular South Korea and China, has revitalized a discussion regarding the availability of uranium resources. Despite the fact that global uranium resources are more than sufficient to supply reactor-related demand for the rest of the century, some voices in the nuclear community expect a supply shortage for the upcoming decades, and the risk of prices tippling in the next 20 years. They argue with delayed construction times, untimely mining expansion and unfavorable market conditions. This Roundup takes a closer look at the arguments of the debate.

Suggested Citation

  • Roman Mendelevitch & Thanh Thien Dang, 2016. "Nuclear Power and the Uranium Market: Are Reserves and Resources Sufficient?," DIW Roundup: Politik im Fokus 98, DIW Berlin, German Institute for Economic Research.
    • Handle: RePEc:diw:diwrup:98en
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.536014.de/DIW_Roundup_98_en.pdf
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    References listed on IDEAS

    as
    1. Lucas W. Davis, 2012. "Prospects for Nuclear Power," Journal of Economic Perspectives, American Economic Association, vol. 26(1), pages 49-66, Winter.
    2. Matthew Rooney & William J. Nuttall & Nikolas Kazantzis, 2013. "A System Dynamics Study of Uranium and the Nuclear Fuel Cycle," Working Papers EPRG 1311, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    3. Malischek, Raimund & Tode, Christian, 2015. "A Test of the Theory of Nonrenewable Resources - Controlling for Exploration and Market Power," EWI Working Papers 2015-1, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    4. Kahouli, Sondès, 2011. "Re-examining uranium supply and demand: New insights," Energy Policy, Elsevier, vol. 39(1), pages 358-376, January.
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    Cited by:

    1. Ben Wealer & Christian von Hirschhausen, 2020. "Nuclear Power as a System Good: Organizational Models for Production along the Value-Added Chain," Discussion Papers of DIW Berlin 1883, DIW Berlin, German Institute for Economic Research.
    2. Christian von Hirschhausen, 2022. "Nuclear Power in the Twenty-first Century (Part II) - The Economic Value of Plutonium," Discussion Papers of DIW Berlin 2011, DIW Berlin, German Institute for Economic Research.

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