Global Uranium Market Trends
Demand for uranium is primarily driven by nuclear power generation, which accounts for approximately one-tenth of the world’s electricity.
Mining Technology analyses uranium price trends and country-wise uranium production and reserves data to keep track of the global uranium market. The performance of major uranium mining companies and active uranium mines, as well as the progress of upcoming uranium mining projects around the world is tracked.
Global uranium production has recovered following a 9.2% drop to 49.7 thousand tonnes (kt) in 2020 due to COVID-19. Uranium production is expected to reach 65.2kt in 2025, according to GlobalData’s estimates.