Uranium Mining Market Performance Booming as Demand Skyrockets, Projected to Reach $11 Billion
The construction and expansion of nuclear power plants lead to increased uranium demand, driving uranium mining activities.
- The construction and expansion of nuclear power plants lead to increased uranium demand, driving uranium mining activities.
- The report says: “The global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%.
- The uranium mining market is estimated to be 53.0 thousand tons (kt) in 2023.
- Based on the mining method, the open-pit mining segment is the most common method of uranium mining, accounting for over 90% of global uranium production in 2022.