Uranium Reserves: Top 5 Countries (Updated 2022)

Uranium is an important commodity in the energy sector. Here the Investing News Network looks at the top five uranium countries by reserves.

Uranium is an important commodity in the energy sector, and knowing the countries with the top reserves is key. Mined uranium resources have provided fuel for nuclear power generation for more than 60 years, and today nuclear power serves 10 percent of global energy needs.

Global uranium demand is anticipated to grow in the coming years, which bodes well for future uranium prices . According to the World Nuclear Association (WNA), 55 nuclear reactors are under construction worldwide, and significant increases to capacity at existing plants are also planned.

Global uranium production totaled 56,287 tonnes of U3O8 in 2020, the latest year for which numbers are available. The five top uranium-producing countries in the world are Kazakhstan, Australia, Namibia, Canada and Uzbekistan, and they were responsible […]

Click here to view original web page at investingnews.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.