Uranium resources seen rising 10-15 pct-IAEA expert

Uranium worth extracting should rise by 10 to 15 percent this year with Australia, Russia, Canada and India racing to feed rising demand for nuclear fuel, a U.N. atomic official said on Wednesday.

Experts at an International Atomic Energy Agency symposium said this week they expect uranium demand will continue to grow despite the global downturn as countries turn to atomic energy to replace fossil fuels and reduce carbon emissions.
Globally identified uranium resources that are economically viable totalled 5.5 million tonnes in 2007, according to a joint report by the Nuclear Energy Agency in Paris and the Vienna-based IAEA.

Chaitanyamoy Ganguly, head of the IAEA’s nuclear fuel cycle and materials department, told Reuters he expects the figure to rise in the 2009 report, to be published in June next year.

Forbes