Federal Register - August 2, 2021

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Source: Federal Register

41591

Federal Register / Vol. 86, No. 145 / Monday, August 2, 2021 / Notices less than two million pounds of U308
see Figure 59.

Source: U.S. Department of Commerce, Bureau of Industry and Security, Front-End Survey, Tab 3a, 4a Nuclear Power O rator Sector SUrve , Tabla
The average projected utility requirements of U308 for 2019 to 2025
are 280 million pounds. These variations are due to the 2019
decommissioning of two reactors with potentially eleven more reactors closing by 2025. In addition, four new reactors will be coming online by 2020.144
Despite this demand, the prognosis for
the U.S. uranium industry worsens with only 331,000 pounds of U308
production in 2019, which is 53 percent lower than 2018 and is only six percent of 2014 levels.
This decline is largely due to unfavorable market conditions. For example, the 25 mines that are currently idled/in standby said the primary factor
prohibiting restart is low uranium spot prices. An additional two mines are completely shut down due to low uranium spot prices. Total production by U.S. mines and mills of uranium ore and concentrates continues to decrease drastically as global uranium market conditions continue to decline see Figure 60.

Figure 60: U.S. Production and Global Spot Price of U308
10,000,000
2:
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9,000,000

VI

QJ

8,000,000

8

7,000,000

$36.76

$35.00

U.S.. Producers to be Viable: $50t

E

$40.00

Average Price per Pound U308 for
$30.00
5,962,244

8

6,000,000

$25.00 .5

"e
5,000,000

$20.00

00

4,000,000

$15.00

"C

Q..

0

-

QJ

0

3,000,000

""

2,000,000

1,000,000

"C
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0

1,432,806
331,000
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2014

2015

2016

2017

2018

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rt
$5.00

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2019

Source: U.S. Department of Commerce, Bureau of Industry and Security, Front-End Survey, Tab4a; Federal Reserve Bank of St. Louis 6 respondents
144 U.S.

Nuclear Regulatory Commission.

VerDate Sep<11>2014

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Federal Register - August 2, 2021

TitreFederal Register

PaysÉtats-Unis

Date02/08/2021

Page count328

Edition count7802

Première édition14/03/1936

Dernière édition25/06/2026

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