Nuclear Fuel Resources and Priee Trends

CIM Bulletin, 1967

D. D. Bell Eldorado Mining and Refining Limited, Ottawa, Ont.

This paper presents the history of uranium procurement and demand, and takes a look at future requirements. The three basic conclusions drawn are: (1) the productive capacity of former and existing producers whose operations may be profitably reactivated is insufficient to meet demand projected beyond 1975; (2) reserves in the $5 - $10 priee range do not provide the flexibility to sustain production at the high rates required in the late 1970's; and (3) only higher priees can overcome these deficiencies, as this would provide sufficient inducement for the industry to explore for and develop new reserves and productive capacity.