Despite the obvious long-term imbalance and the consequent reduction in stockpiles, world uranium prices have not risen until the last few years. Low prices were due to the presence of a large world uranium stockpile, the use of uranium from the states of the former Soviet Union and the uncertainty of the outcome of political decisions concerning the use of military stockpiles and the de-commissioning of old warheads. Other factors included a low growth rate in world nuclear generating capacity and an expansion in global mine production. The peak in prices in 2007–08 was due to strong demand coinciding with concerns about the availability of future supply.
The paper has quite a few links that are worth following.
