Uranium coverage gap

Maximum deliveries already under contract (stacked with unfilled market requirements = maximum anticipated requirements, Mlb U₃O₈e) and the contracted-coverage rate. Final year partly withheld (“W”) by EIA to avoid disclosure of individual responses.

Net reactor requirements (tU, bars) with the share already covered by signed contracts — maximum and minimum contracted deliveries ÷ net requirements (%, lines).

Weighted-average prices of uranium delivered to utilities, by delivery year — the realized cost of fuel, not a quoted spot screen. ESA calculated no EU spot index for 2020–2022 (fewer than three transactions); the gap is real, not missing data.

Each vintage surveys a rolling 10-year window, so the two curves cover slightly different year ranges; zeros at the window edges are as published by EIA. Thousand pounds U₃O₈ equivalent.

US vs EU, side by side

Definitions differ — EIA reports maximum anticipated market requirements for US owners and operators of civilian reactors; ESA reports net reactor requirements (after recycling/inventory savings) for EU-27 utilities — so compare shapes, not decimals. How to read utility coverage →

Methodology & sources

US: parsed directly from EIA's Uranium Marketing Annual published tables — Table 12 (requirements & contracted maximums), Table 11 (unfilled requirements), Table S1b (price history) and Table 8 (contracts signed in the data year). “W” (withheld) cells render as absent, never zero. EU: curated verbatim from the Euratom Supply Agency Annual Report 2025 (Annex 1 requirements, Annex 3 prices, Figure 10 coverage rates; cross-checked against the ESA Market Observatory). Both reports are annual; a monthly cron watches for new vintages and raises a drift alarm the day one appears. Prices are what utilities actually paid on delivery — realized weighted averages, not spot-screen quotes and not price-agency indicators. See full methodology.

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