NexGen Energy has been granted a construction permit for its Rook 1 Uranium Project from the Canadian Nuclear Safety Commission. T...
Belgium, Brazil, China, and India joined the Declaration To Triple Nuclear Energy by 2050 at today’s Nuclear Energy Summit in Pa...
European Commission President Ursula Von Der Leyen used a speech at the Nuclear Energy Summit in Paris to announce a new European ...
TradeTech president Treva Klingbiel provided an update on “Uranium Market and Demand” at the Prospectors & Developers Associat...
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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