Uranium miners are
racing to revive projects mothballed after the Fukushima
disaster more than a decade ago, spurred by renewed demand for
nuclear energy and a leap in yellowcake prices after. | May 20, 2022
Tapping into uranium’s future potential
As a vital commodity for countries that use nuclear power, Australia’s next wave of uranium miners are hoping to launch themselves into the export market to capitalise on the potential of a revival in prices.
Australia has the largest uranium resource in the world at 1.174 million tonnes or 34 per cent of the global total.
While it is the third largest producer of the commodity, there are currently only three active uranium mines in Australia as 2021 begins.
The fuel for nuclear power reactors, uranium is a cleaner source of power compared with fossil fuels such as coal and oil.