In the just-published Uranium 2003: Resources, Production and Demand (also known as the "Red Book"), the world uranium resource base is found to be adequate to meet future projected requirements. Questions remain however, as to whether new production capacity can be developed within the time frame required to meet future uranium demand. The Red Book, jointly prepared by the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA), is the foremost reference on uranium. It is based on official information from 43 countries and includes statistics on resources, exploration, production and demand as of the beginning of 2003.
Other key findings are:
Given that secondary sources are likely to decline, particularly after 2020, reactor requirements may have to be increasingly met by the expansion of existing production capacity, together with the development of additional production centres or the introduction of alternative fuel cycles.
The 2004 edition of the Red Book also offers:
Uranium 2003: Resources, Production and Demand
A Joint Report by the OECD Nuclear Energy Agency and the International Atomic Energy Agency
OECD, Paris , 2004 - ISBN 92-64-01673-2. €85, £59, US$106, ¥10 900.
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NEA membership consists of 30 OECD countries. The mission of the NEA is to assist its member countries in maintaining and further developing, through international co-operation, the scientific, technological and legal bases required for a safe, environmentally friendly and economical use of nuclear energy for peaceful purposes. The NEA also provides authoritative assessments and forges common understandings on key issues, as input to government decisions on nuclear energy policy and to broader OECD policy analyses in areas such as energy and sustainable development.