Market Drivers, Net-zero Goals Point to Australia’s Strong Future in Uranium Mining

Old uranium mine in Kakadu National Park in Australia’s Northern Territory. With its considerable uranium resource that remains largely untapped, there’s potential room for change in Australian regulations with regard to uranium.

When it comes to uranium , which is a vital element for nuclear power generation and to produce isotopes for medicine and beyond, Australia is at a crossroads.

Australia has the world’s largest uranium reserves and is currently the fourth largest producer in the world . While highly restrictive regulations across the country limit uranium mining, the need for mining diversification may drive change.

As the country struggles during a critical minerals mining industry downturn — mining makes up more than 10 percent of its GDP — investors may find Australia ready to open up more uranium mining opportunities.The market for uranium is considerable: the World Nuclear Association forecasts that demand will climb by 28 per cent by […]

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