By Chris Berry (@cberry1)

·         A full five years after the meltdown at the Fukushima-Daiichi nuclear facility very little has changed within the nuclear industry.

 

·          Nuclear power’s contribution to the global electricity mix remains steady at roughly 11% according to the IEA.

 

·         Globally, the nuclear fleet numbers 440 in size across 30 countries requiring around 170 million pounds of uranium. 66 reactors are under construction and another 173 are planned[1].The existing fleet generates 382 GW of electricity.

 

·         The uranium market is adequately supplied with current demand at 172 million pounds of U3O8and primary supply of 146.5 million pounds plus secondary supplies of 42.9 million pounds as of 2014.

 

·         The current uranium spot price of around $28 per pound reflects an evolving dynamic consisting of excess supply, reactor underfeeding (excess enrichment capacity), and uncertainty around the Japanese reactor fleet where only three of the 54 reactors are back on line.

 

[ Read the Whole Article ]