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Abstract
In the 1970s there was a worldwide boom in uranium exploration and recovery. Since then the accident at the Three Mile Island reactor in the US, the global recession and the subsequent reduction of the demand for electricity has led to a de facto moratorium on the construction of new nuclear plants. The result has been a severely depressed uranium market and large stockpiles, especially in the US, which has the largest nuclear-electric generating capacity among the OECD countries.
From this perspective A D Owen analyses the world uranium market today, and particularly the configuaration of ownership and control in the industry.