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Despite safety fears and some countries pursuing the phase-out of nuclear energy in favour of renewable-energy sources and coal-fired power generation, 437 nuclear power reactors remained in operation worldwide in 2012.  Further, as at July 2013, there were 162 new nuclear power reactors on order or being planned and a further 316 proposed worldwide. This potential nuclear energy expansion will create increased demand for uranium to power these plants.

This report examines the global uranium market in the context of demand, supply, pricing and market outlook, with a particular focus on the African uranium market and the mines, projects and exploration that are currently under way on the continent.

This report draws from material published over the past 12 months and is a summary of other sources of information published in Engineering News and Mining Weekly, as well as information available in the public domain. This report does not purport to provide an analysis of market trends.

Published on: 20 September 2013.

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