Uranium Mining in Australia - Industry Market Research Report

Uranium Mining in Australia - Industry Market Research Report

Uranium Mining in Australia

Australia has over 30% of the world's uranium reserves, but accounts for only 8% of global uranium output. Government reluctance to establish new uranium mines has meant a considerable share of Australia's uranium resources has been left untouched. The Uranium Mining industry has displayed very high revenue volatility over the past five years due to fluctuating prices and export volumes. Industry revenue is expected to fall at an annualised 5.2% over the five years through 2021-22, to $505.9 million. A decline in domestic output due to the closure of the Ranger mine is expected to drive a 14.7% decline in industry revenue in the current year. However, global uranium prices are projected to rise in 2021-22, in part due to potential supply disruptions in Kazakhstan, the world's largest uranium producer, providing some support for industry revenue.

Industry companies mine uranium-bearing ore and extract uranium compounds from the ground using chemical leaching processes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.