Global Uranium Ore Mining Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Granite, Volcanic, Sandstone and Carbonate-Siliceous-Pelitic Rock.

By Mining;

Open-Pit Mining, Underground Mining and In-Situ Recovery (ISR).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn949821858 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Uranium Ore Mining Market (USD Million), 2021 - 2031

In the year 2024, the Global Uranium Ore Mining Market was valued at USD 11,202.72 million. The size of this market is expected to increase to USD 15,554.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The Global Uranium Ore Mining Market plays a pivotal role in the production of nuclear fuel, supporting the energy needs of countries around the world. Uranium ore, the primary source of nuclear fuel, is extracted through mining operations conducted in various regions globally. Uranium is a crucial element for nuclear power generation, utilized in reactors to produce electricity through controlled nuclear fission. As the demand for clean and reliable energy sources grows, particularly amid concerns about climate change and carbon emissions, nuclear power has emerged as a significant component of the global energy mix, driving the demand for uranium ore mining.

Uranium ore mining operations involve the extraction of uranium-bearing ores from underground or open-pit mines, followed by processing to extract uranium oxide concentrate, commonly known as yellowcake. The extracted uranium oxide concentrate is then further refined and enriched to produce fuel for nuclear reactors. The Global Uranium Ore Mining Market encompasses a diverse range of mining operations, from large-scale mining operations in countries like Canada, Australia, and Kazakhstan to smaller-scale operations in emerging uranium-producing regions. These operations contribute to the global supply of uranium, supporting the operation of nuclear power plants and fueling advancements in nuclear technology.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Mining
    3. Market Snapshot, By Region
  4. Global Uranium Ore Mining Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for nuclear power generation
        2. Increasing focus on carbon-free energy sources
        3. Expansion of nuclear energy infrastructure emerging economies
      2. Restraints
        1. Regulatory challenges and environmental concerns
        2. Volatility in uranium prices
        3. Competition from alternative energy sources
      3. Opportunities
        1. Technological advancements in uranium extraction methods
        2. Exploration of untapped uranium deposits
        3. Strategic partnerships and investments in uranium mining projects
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Uranium Ore Mining Market, By Type, 2021 - 2031 (USD Million)
      1. Granite
      2. Volcanic
      3. Sandstone
      4. Carbonate-Siliceous-Pelitic Rock
    2. Global Uranium Ore Mining Market, By Type, 2021 - 2031 (USD Million)
      1. Open-Pit Mining
      2. Underground Mining
      3. In-Situ Recovery (ISR)
    3. Global Uranium Ore Mining Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cameco Corporation
      2. Kazatomprom
      3. Orano
      4. Uranium One Group
      5. BHP Group
      6. Rio Tinto
      7. CGN Mining
      8. Energy Resources of Australia
      9. Paladin Energy
      10. NexGen Energy Ltd.
  7. Analyst Views
  8. Future Outlook of the Market