Figure ES4. Potential Cumulative Savings in U.S. Uranium Procurement Costs Based on the Availability of U.S. and Russian Surplus Defense Inventories, 1997-2010

Note: It is assumed that changes in all contract prices are highly correlated to changes in the projected spot-market price. The estimation of potential cumulative savings is based on the projected decline in uranium spot-market price as a result of the penetration into the marketpace of U.S. and Russian surplus defense inventories assumed for the three specific cases compared to a no surplus defense scenario.

Source: Projected spot-market price--Energy Information Administration, Uranium Market Model, runs 1997_60, 1997_73, 1997_82, and 1997A_21.