China's strategic state-owned uranium miner made a splash on the Shenzhen Stock Exchange on Wednesday, as it aims to boost domesti...
The Trump administration plans to use investment funds from trade agreements with South Korea and Japan to build nuclear power pla...
The decisive moment for the Paks Expansion project in Hungary will take place on February 5, 2026, with the pouring of the first c...
Forecast Report - Conversion Market Study
The Conversion Market Study provides a price forecast based on supply and demand fundamentals, expected developments, and correlated spot and term market dynamics. With an eye on strategic agreements and recent improvements to key facilities, TradeTech takes a forward-looking view of the Conversion market’s prospects in an increasingly competitive environment.
Market Dynamics
The conversion industry remains in a state of tight supply and utilities have been actively locking in additional conversion commitments in an effort to secure other supply options in response to Russia's aggression against Ukraine.
Market Review
TradeTech continues to re-evaluate its Long-Term Forecasts, with this report extending the supply and demand analysis through 2040. In doing so, TradeTech examines the sources of future demand, which converters are best positioned to meet future needs, and how increased demand will be satisfied. This evaluation corresponds with a robust price forecast and outlook for the nuclear industry.
Conversion Market Segmentation
The Conversion Market is segmented into two markets—Western and Non-Western Demand—with the later typically satisfied through Russian Supply. TradeTech analyzes the segmented markets and any reliance either market has on the other to meet demand.
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