Uranium Industry Bullish on Canada with Roughly 13% of Uranium Total Global Output

PALM BEACH, Fla., Sept. 7, 2022 /PRNewswire/ — FinancialNewsMedia.com News Commentary – Canada is the world’s second largest producer of uranium, accounting for roughly 13% of total global output. The mining and milling of uranium is an $800-million-a-year industry that directly employs over 2,000 Canadians at the mine sites, more than half of whom are residents of northern Saskatchewan. Uranium is used in commercial nuclear power plants in several countries to produce electricity, including Canadian-built CANDU (Canadian Deuterium Uranium) reactors, which currently supply about 15% of Canada’s electricity. The global Uranium Mining market is valued at considerable rate by the end of 2026, growing at a steady rate of CAGR during 2022-2026. Uranium continues to rank among Canada’s top 10 metal commodities in terms of output value. Uranium is one of the heaviest and more common elements in the earth’s crust. Its most distinctive physical property is its radioactivity, […]

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