10 lines
964 B
TeX
10 lines
964 B
TeX
\section{Plot of Uranium Production and Uranium Price}
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\label{A-QUASISUPPLY}
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\cref{QUASISUPPLY} plots the quantity of uranium concentrate produced in the U.S. \citep{eia2024,eia2024a} against the U.S. average contract price of uranium. The U.S. average price includes long term contract prices for U.S. firms representing the actual received payments. Producers respond to these realized prices more directly than spot market prices, which are more volatile. Price data is collected iteratively from \ac{EIA} marketing reports and inflation adjusted to 2024\citep{u.s.bureauoflaborstatistics2023a}. This simple estimate matches the expectations of a constant slope supply curve with a single shift occurring in 2008. This informs the models of \cref{REG} and a dummy for post 2007 is included.
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\begin{figure}
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\centering
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\includegraphics[width=\textwidth]{./Images/SUPPLY_PLOT.jpeg}
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\caption{Quasi Supply Curve of U.S. Uranium}
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\label{QUASISUPPLY}
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\end{figure}
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