What is the forecast for uranium demand and supply?

Answer 1

Demand for uranium is a function of oil price; the higher oil prices, the greater the demand. As to supply, world uranium production in 2004 was about 40,000 metric tons. Out of eight major producers, four (collectively producing about 12,000 metric tons) operate in somewhat volatile political environments (Kazakhstan, Namibia, Russia, and Uzbekistan), so your guess as to how local politics is going to impact production is as good as anyone else's.