The Economics of Uranium Enrichment

Owen, A. D.

doi:10.1080/08109028308628913

Cited by 4 publications

(4 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results of the majority of previous studies, however, suggest that the demand for uranium is insensitive to price fluctuations and is not related to the projected prices (Patterson 1970;Thomas 1984;Owen 1984;Owen 1985;OECD/NEA 1987;Amavilah 1994;Amavilah 1995). This very low price elasticity results from the operation mode of nuclear power plants, generating energy continuously and with almost constant power, since these are usually base load units.…”

Section: The Demandmentioning

confidence: 68%

“…However, there have been only a few works on this issue despite the fact that the stability of the uranium market is a key factor in the successful expansion of nuclear power. The most important papers on the empirical analysis of issues related to the supply and demand of uranium and on their relationship with the development of nuclear energy, include: Basheer Ahmed (1979), Owen (1984), Owen(1985), Trieuet al (1994), Amavilah(1994), Amavilah (1995), IAEA (2001) and Kahouli (2011b).…”

Section: The Modelmentioning

confidence: 99%

See 1 more Smart Citation

Forecasting the price of uranium based on the costs of uranium deposits exploitation

Kryzia¹,

Gawlik²

2016

Gospodarka Surowcami Mineralnymi

View full text Add to dashboard Cite

The paper presents the concept of forecasting uranium prices on the basis of the uranium deposits exploitation costs. The model for estimating the costs of raw material extraction over time, depending on the supply level sufficient to meet the demand from nuclear power plants, has been developed. The aforementioned costs, given the inelastic demand for uranium, determine the price of this raw material. This allows estimating the future price of uranium on the basis of knowledge of the resource base and the relationships determining changes in parameters characterizing the resources. As these estimates are affected by considerable uncertainty, the study has used a stochastic approach, constructing the precise probability distributions of uncertain parameters. Based on literature analysis, the variables that are correlated with each other have been identified. The model has implemented the identified correlations between variables. A number of assumptions regarding the input data, model limitations, and the relationship between the variables has been adopted. On the basis of the Monte Carlo simulation, the probability distribution of uranium prices in the coming years until 2050 has been obtained. According to the obtained estimation, uranium prices will remain stable at around 90 USD/kg by 2030. The prices are expected to increase in the next years. It can be assumed that this trend will grow in the future. In 2050, the expected uranium price will be about 130 USD/kg.

show abstract

Section: The Demandmentioning

confidence: 68%

Section: The Modelmentioning

confidence: 99%

Forecasting the price of uranium based on the costs of uranium deposits exploitation

Kryzia¹,

Gawlik²

2016

Gospodarka Surowcami Mineralnymi

View full text Add to dashboard Cite

show abstract

“…As Owen (1985) points out in his important book, about nine-tenths of all uranium used at present is enriched, and the enrichment stage accounts for 50 per cent of the cost of the nuclear fuel cycle. This activity is measured in separative work units (SWUs), which are a function of the effort required to separate U-235 from U-238.…”

Section: The Simple Physics Of Nuclear Energymentioning

confidence: 99%

“…in the tails) and the reprocessing of the spent reactor fuel. Readers who care to delve deeper into this and similar topics are referred to Chapman (1983), Owen (1985) and my textbook (2000). See also the next section of this paper.…”

Section: Opec Reviewmentioning

confidence: 99%

Economic theory and nuclear energy

Banks¹

2000

OPEC Review

View full text Add to dashboard Cite

The economics literature dealing with nuclear energy and uranium is inadequate, and several extremely important topics deserve a more methodical treatment. This survey provides: an alternative derivation for the optimal mix of generating capacity; a systematic but essentially non-technical approach to the nuclear fuel cycle; some comments on alternative technologies; and a stock-flow analysis of the market for uranium. It is also argued: that existing nuclear facilities in countries like Sweden can compete with all fossil fuels in the generation of electricity; and that claims that unconventional or renewable energy sources are economic at the present time are misleading, and might serve to accelerate the introduction of a plutonium-based energy economy.

show abstract

A Neo-Classical Economic Perspective on Uranium for Nuclear Power

Doessel¹

1987

Prometheus

View full text Add to dashboard Cite

The Economics of Uranium Enrichment

Cited by 4 publications

References 0 publications

Forecasting the price of uranium based on the costs of uranium deposits exploitation

Forecasting the price of uranium based on the costs of uranium deposits exploitation

Economic theory and nuclear energy

A Neo-Classical Economic Perspective on Uranium for Nuclear Power

Contact Info

Product

Resources

About