The International Atomic Energy Agency’s (IAEA) Uranium Production Specialist Dr Adrienne Hanly has flagged that uranium inventories are precariously low.
- US nuclear utilities have only 16 months of inventory, and the EU has only two years’ worth
- COVID and Russia/Ukraine war have impacted supply chain security and pushed up prices
- Geopolitically stable locations will have the advantage as industry rushes to meet demand
At the recent World Nuclear Fuel Cycle conference in London, Dr Hanly said uranium fuel inventory levels for US nuclear utilities are at just 16 months of requirements – below recommended 2+ years minimum.
And that US utilities may have limited capability to independently manage a protracted supply disruption.
Compounding this, EU stocks on aggregate equate to two years’ supply, but many individual utilities fall far short of this ESA-prescribed benchmark.
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