RE:RE:uranium inventories upwards of 1.1 billion poundsQuote from the srticle below ....
"The uranium market should be adequately supplied from both primary and secondary sources in the period to 2025 provided all mines currently under development or planned enter service as expected. Beyond 2025, further production will be required to satisfy uranium demand under both the upper and reference scenarios." https://www.world-nuclear-news.org/UF-Nuclear-fuel-industry-ready-to-meet-growth-in-capacity-10091501.html
Attached a table that shows depletion of the U in Inventory given that - secondary supplies are ignored and reactor operators do not buy any supply but live off their stockpiles....
| | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| inventory (lbs) | 1,100,000,000 | 960,225,882 | 816,258,540 | 667,972,179 | 515,237,226 | 357,920,225 | 195,883,714 | 28,986,107 | -142,918,428 | -319,980,099 |
| demand growth rate | | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% |
| annual demand (lbs) | 139,774,118 | 143,967,342 | 148,286,362 | 152,734,953 | 157,317,001 | 162,036,511 | 166,897,607 | 171,904,535 | 177,061,671 | 182,373,521 |
| years of supply in inventory | 7.9 | 6.7 | 5.5 | 4.4 | 3.3 | 2.2 | 1.2 | 0.2 | -0.8 | -1.8 |