Global uranium output tipped for growth as spot prices tick up – report

Global uranium output tipped for growth as spot prices tick up – report

Credit: Energy Fuels Inc GlobalData expects uranium output to grow at a compound annual growth rate of 6.2% between 2021 to 2025 to 62,200 tonnes. “Global uranium production has been limited in recent years, mainly due to a sluggish market,” says associate project manager Vinneth Bajaj in a news release. “The covid-19 pandemic further impacted this from early 2020,” the analyst says.

Global uranium production fell by 9.2% to 49,700 tonnes in 2020, the lowest level since 2008. The most significant declines were observed in Canada (43.9%) and Kazakhstan (14.6%) – globally, almost 60% of uranium originates from these two countries. In March 2020, Cameco’s Cigar Lake mine, in Canada’s Athabasca Basin of northern Saskatchewan, which accounts for 12% to 13% of global production, was suspended to contain the covid outbreak. The suspension stayed until September 2020 but was later halted again in mid-December because of the increasing risks. It […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet