Uranium Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Uranium Mining Market Report Overview

Uranium production was estimated to be 54kt in 2023. Ramping up of the uranium production at Canada’s McArthur River mine, which re-started in November 2022, was the leading factor for the growth in production during 2023. The production growth is further expected to be driven by the planned increase in output from Kazakhstan’s largest uranium producer, Kazatomprom, and the restart of Australia’s Honeymoon project. Uranium production is expected to grow marginally at a CAGR of more than 4% from 2024 to 2030.

Uranium Mining Market Outlook, 2023 – 2030 (Kt)
Uranium Mining Market Outlook, 2023 – 2030 (Kt)Uranium Mining Market Outlook, 2023 – 2030 (Kt)
Buy the Full Report for More Insights into the Global Uranium Market Forecast, Download A Free Report Sample

The uranium mining market research report provides detailed historical and forecast period data on the global uranium industry. It provides a complete view of the uranium reserves globally, with a breakdown of key uranium mining countries and the prevailing uranium prices in those countries. It also analyzes the competitive business landscape, highlighting company profiles of a few of the major market participants. Furthermore, the report sheds light on the major active mines, as well as upcoming development and exploration projects by region.

Market Size (2023) 54kt
CAGR (2024-2030) >4%
Forecast Period 2024-2030
Historical Period 2010-2023
Key Countries ·       Kazakhstan

·       Canada

·       Niger

·       Australia

·       Namibia

·       Ukraine

Active Mines ·       Cigar Lake Project

·       Husab Uranium Mine

·       Olympic Dam Mine

·       Inkai Mine

·       Tortkuduk Mine

Development Projects ·       Rook I Project

·       Horseshoe-Raven Project

·       Wheeler River Project

·       Etango Project

·       Midwest Project

Exploration Projects ·       Walbiri Project

·       Prairie Lake Project

·       Storsjon Project

·       Potchefstroom Project

·       Khamsin Project

Leading Companies ·       Kazatomprom

·       Orano SA

·       Cameco Corp

·       BHP

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Uranium Mining Market Segmentation by Country

According to the World Nuclear Association, the world’s recoverable resources of uranium totaled 6.1 million tonnes (MtU) in 2021. The countries holding significant uranium reserves are Australia, Kazakhstan, Canada, Russia, and Namibia among others. In 2023, Australia had the largest share followed by Kazakhstan, Canada, Russia, and Namibia. In terms of uranium production, Kazakhstan led the market followed by Canada.

Uranium Mining Reserves Market Analysis by Countries, 2021 (%)
Uranium Mining Reserves Market Analysis by Countries, 2021 (%)

Buy the Full Report for More Country Insights into the Uranium Mining Reserves Market,
Download a Free Report Sample

Uranium Mining Market - Active Mines

A few of the major active Uranium mines are Cigar Lake Project, Husab Uranium Mine, Olympic Dam Mine, Inkai Mine, and Tortkuduk Mine among others. Cigar Lake Project was the mine having annual saleable uranium production worth 8,164.7 tonnes. It is owned by Cameco Corp, Orano SA, and Tepco Resources Inc.

Uranium Mining Market Analysis by Active Mine, 2023 (%)
Uranium Mining Market Analysis by Active Mine, 2023 (%)

Buy the Full Report for More Insights on Active Mines in the Uranium Mining Market,
Download a Free Report Sample

Uranium Mining Market - Development Projects

A few of the major uranium mining projects that are in the development phase include the Rook I Project, Horseshoe-Raven Project, Wheeler River Project, Etango Project, and Midwest Project among others.

Buy the Full Report for More Insights on Development Projects in the Uranium Mining Market, Download a Free Report Sample

Uranium Mining Market - Exploration Projects

A few of the major uranium exploration projects are the Walbiri Project, Prairie Lake Project, Storsjon Project, Potchefstroom Project, and Khamsin Project among others. The Walbiri Project had total resources worth 7,456.0 Mt. The project is owned by China Uranium Development Co., Ltd. and Northern Territory Uranium Pty Ltd.

Uranium Mining Market Analysis by Exploration Projects, 2023 (%)
Uranium Mining Market Analysis by Exploration Projects, 2023 (%)

Buy Full Report for More Insights on Exploration Projects in the Uranium Mining Market,
Download a Free Report Sample

Uranium Mining Market - Competitive Landscape

Kazatomprom, State Atomic Energy Corporation Rosatom (Rosatom), China National Nuclear Corp. (CNNC), Oranco SA, and Cameco Corp are the top five uranium-producing companies in the world. Kazatomprom was the leading company with the highest capacity in 2022.

Kazatomprom: Kazatomprom is the world’s largest uranium producer headquartered in Astana, Kazakhstan. The company is a subsidiary of JSC Samruk-Kazyna National Welfare Fund, engaged in importing and exporting uranium, rare metals, and nuclear fuel for power plants, special equipment technologies, and dual-purpose materials. Kazatomprom operates through 14 mining assets with 26 uranium deposits or areas, all of which are located in Kazakhstan and around 66% are mined using the ISR mining method.

Leading Uranium Mining Companies, 2022 (%)
Leading Uranium Mining Companies, 2022 (%)
Buy the Full Report for More Insights on Companies in the Uranium Mining Market,
Download a Free Report Sample

Segments Covered in the Report

Uranium Mining Market Countries Outlook (Value, Reserves, 2010-2030)

  • Kazakhstan
  • Canada
  • Niger
  • Australia
  • Namibia
  • Ukraine

Scope

  • The report contains an overview of the global uranium mining industry, including key demand driving factors affecting the global uranium mining industry.
  • The report provides detailed information on reserves by country, global production, production by country, production by company, major operating mines, competitive landscape, and major exploration and development projects.

Reasons to Buy

  • Get actionable insights on global uranium mining trends, and relevant driving factors.
  • Track the latest developments in the global uranium mining industry.
  • Identify major active, exploration, and development projects.
  • Analyze upcoming project developments in the mining industry.
  • Understand historical and forecast trends on global uranium production.
  • Identify key players in the global uranium mining industry.

Kazatomprom
Rosatom
China National Nuclear Corp.
Orano SA
Cameo
BHP

Table of Contents

Overview

Uranium Resources

Uranium Production

Uranium Prices

Major Active Mines

Major Development Projects

Major Exploration Projects

Competitive Landscape

Demand Drivers

Appendix

Table

Table 1: Recoverable resources of uranium by country (tonnes of uranium), 2019 8

Table 2: Active mines in Australia by total ore reserves (million tonnes) 9

Table 3: Active mines in Kazakhstan by ore reserves (million tonnes) 9

Table 4: Historical and forecast uranium production (thousand tonnes), 2006–26 12

Table 5: Historical and forecast uranium production by country (thousand tonnes), 2010–26 14

Table 6: Uranium production in Kazakhstan (thousand tonnes), 2010–26 16

Table 7: Uranium production in Canada (thousand tonnes), 2010–26 18

Table 8: Uranium production in Namibia (thousand tonnes), 2010–26 20

Table 9: Uranium production in Australia (thousand tonnes), 2010–26 22

Table 10: Uranium mines count by country and stage, 2022 25

Table 11: Active mines by country, 2022 26

Table 12: Development projects by country, 2022 28

Table 13: Exploration Projects by Country, 2022 30

Table 14: Major nuclear reactors that started construction (MWe) 33

Table 15: Nuclear reactors that started operation in 2022 (MWe) 33

Table 16: Nuclear reactors that started construction in 2022 (MWe) 34

Table 17: Kazatomprom, major projects, 2022 35

Table 18: Rosatom, major projects, 2022 36

Table 19: China National Nuclear Corp., major projects, 2022 38

Table 20: Orano SA, major projects, 2022 39

Table 21: Cameco Corp., major projects, 2022 40

Table 22: BHP, major projects, 2022 41

Figures

Figure 1: Recoverable resources of uranium by country (%), 2019 7

Figure 2: Historical and forecast uranium production (thousand tonnes), 2006–26 10

Figure 3: Production by country (thousand tonnes), 2010–26 13

Figure 4: Uranium production by major companies and mines (%), 2021 14

Figure 5: Uranium production in Kazakhstan (thousand tonnes), 2010–26 15

Figure 6: Uranium production in Canada (thousand tonnes), 2010–26 17

Figure 7: Uranium deposits and nuclear plants in Canada, 2021 18

Figure 8: Uranium production in Namibia (thousand tonnes), 2010–26 19

Figure 9: Uranium production in Australia (thousand tonnes), 2010–26 21

Figure 10: Global uranium prices ($/lb), 2015–22 23

Figure 11: Uranium mine count by country and stage, 2022 24

Figure 12: Global nuclear electricity generation by country (TWh), 2010–26 32

Figure 13: Nuclear electricity generation by country (%), 2021 32

Figure 14: Nuclear operable reactor net capacity by country (MWe), September 2022 33

Frequently asked questions

Uranium Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 thematic reports
Currency USD
$2,495

Can be used by individual purchaser only

$7,485

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Uranium Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Uranium Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 in real time.

  • Access a live Uranium Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.