Categories: General Studies

Top-10 Uranium Producing Countries in the World 2024

Uranium, a crucial element in the production of nuclear energy, plays a pivotal role in powering various industries and meeting global energy demands. As of 2024, several nations stand out as leading producers of this vital resource, contributing to both energy security and economic development on a global scale. Here, we delve into the top 10 uranium-producing countries, shedding light on their contributions to the world’s uranium supply.

Worldwide Production of Uranium

Worldwide production of uranium experienced a steady rise over a decade, peaking at 63,207 metric tons (MT) in 2016. However, output has declined since then due to factors such as low spot prices post-Fukushima, COVID-19, and geopolitical tensions. Recent rebounding uranium prices, driven by optimism about nuclear power’s role in energy transition, signal a potential sustained bull market. Kazakhstan leads in uranium production, followed by Canada and Namibia as of 2022.

Largest Uranium Producer in the World

As the largest uranium producer globally, Kazakhstan’s mine production reached 21,227 metric tons in 2022, accounting for an impressive 43% of the world’s uranium supply. The country boasts vast recoverable uranium resources, totaling 815,200 metric tons as of 2021, second only to Australia. Utilizing predominantly in-situ leaching methods, Kazakhstan’s national uranium miner, Kazataprom, leads the industry with projects and partnerships spanning various regions. Recent news of potential production target misses for 2024 and 2025 from Kazataprom has significantly impacted uranium prices, surpassing the US$100 mark in 2024.

Check: UGC NET 2024 Notification Official PDF Released

Top-10 Uranium Producing Countries in the World

Kazakhstan with the uranium mine production of 21,227 MT, holds the title of the largest uranium producer in the world, followed by Canada, Namibia, Australia and Uzbekistan.

Here is the list of top-10 uranium producing countries in the world:

Top-10 Uranium Producing Countries in the World
Rank Country Mine Production (MT)
1. Kazakhstan 21,227
2. Canada 7,351
3. Namibia 5,613
4. Australia 4,087
5. Uzbekistan 3,300
6. Russia 2,508
7. Niger 2,020
8. China 1,700
9. India 600
10. South Africa 200

FAQs

Which is the largest uranium producer in the world?

Kazakhstan with the uranium mine production of 21,227 MT, holds the title of the largest uranium producer in the world.

Which is the second largest uranium producer in the world?

Canada with the uranium mine production of 7,351 MT, holds the title of the second largest uranium producer in the world.

Name the top-5 largest uranium producers in the world.

The top-5 largest uranium producers in the world are: Kazakhstan, Canada, Namibia, Australia and Uzbekistan.

Akansha Arora

My role as a content writer specializing in current affairs at Adda247 involves meticulously researching and crafting compelling articles aimed at guiding and informing candidates preparing for National and State Level Competitive Government Exams. With a dedication to educational excellence, I strive to keep our candidates abreast of the latest developments and trends in current affairs. By providing insightful and engaging content, I aim to ensure that aspiring candidates are well-prepared and informed for their examinations.

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