Top 10 countries with the highest uranium reserves 2023

Over the last decade, global uranium resources have grown by at least 25% due to intensified mineral exploration efforts.

Uranium, a widespread metal present in rocks and seawater, is more abundant than commonly thought. Economic concentrations are not rare, and the quantity of mineral resources depends on market prices and extraction costs.

Australia, Kazakhstan, and Canada collectively possess over 50% of the world’s uranium reserves, with Australia leading at 28% with over 1.7 million tonnes, notably from the Olympic Dam mine, the largest uranium deposit globally and the fourth largest copper deposit.

Read also: Forging a new frontier: The inaugural Solid Minerals Conference by BusinessDay Newspapers Despite its abundance, Australia ranks fourth in current uranium production and fifth in all-time production. Russia and Namibia each hold about 8% of global reserves (approximately 470,000 tonnes). South Africa, Brazil, and Niger contribute 5% each to the world’s uranium reserves.China holds a 4% share, while […]

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