Uranium Mining Market in Asia-Pacific to 2020 - Availability of Large Uranium Reserves to Lay the Foundation for the Industry's Future DevelopmentGBI Research
June 25, 2012
113 Pages - SKU: XGBR3944321
Additional InformationUranium Mining in Asia to Flourish Thanks to Nuclear Power.
Uranium mining is set to soar in the future due to rising demand for nuclear power, with Asia’s colossal reserves looking set to meet these needs, according to natural resources expert GBI Research.
The new report* suggests that mounting demand for nuclear power generation will boost uranium prices, offering to make Asia-Pacific a tidy sum, but only if they can overcome environmental and professional hazards.
According to the Australian Bureau of Resources and Energy Economics and Sciences (ABARES), the spot price of uranium, which hung around the $62 per pound mark in 2011, will reach around $81 a pound by 2016 due to the massive surge in demand. The availability of huge reserves, coupled with rising prices, will drive the Asia-Pacific uranium mining industry.
Asia-Pacific is the largest uranium-producing region in the world, boasting an estimated production of 34,041 tons of uranium (tU) during 2011, over half the global production. Kazakhstan contributed just under two-thirds of this, followed by Australia with 25.2%, Uzbekistan with 7.2%, China with 2.6% and India with a 1.1% share.
Asia’s uranium mining industry has been helped by the region’s abundant reserves, which, according to the World Nuclear Association (WNA), stood at 3,599,421tU in 2010, accounting for about 57% of total global reserves. New planned projects and the expansion of existing uranium mines will drive up uranium mine production throughout Asia-Pacific, with Australia, India, Kazakhstan and China all being expected to increase regional uranium mine production in the outlook period.
The development and expansion of nuclear power generation in China, India and South Korea will play a major role in the uranium mining industry. Total uranium demand in China is expected to expand from 15,000 tU/yr in 2020 to 40,000 tU/yr in 2030, while demand in India and Korea will grow to 12,000 tU/yr and 7,000 tU/yr in 2030 respectively, according to the World Nuclear Fuel Cycle 2011.
Should Asia-Pacific manage to minimize environmental damage such as soil erosion, which can destroy local ecosystems, and workers’ risk of radiation due to airborne radioactive dust particles, the region’s production is set to grow at its estimated CAGR of 4.7%, from 40,301.7tU in 2012 to 58,402.6tU by 2020.
*Uranium Mining Market in Asia-Pacific to 2020 - Availability of Large Uranium Reserves to Lay the Foundation for the Industry's Future Development
This report provides key data, information and analysis of the Asia-Pacific uranium mining industry, comprising Kazakhstan, Australia, Uzbekistan, China and India. The report covers the industry’s drivers and restraints, production and reserves. Asia’s uranium mining industry development pathway has increasingly been driven by abundant uranium reserves available in this region. In 2011, the region had more than 50% of total global reserves and produced around 56% of global uranium mine production. This report is based on data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GBI Research’s team of industry experts.
More Uranium Mining reports by GBI Research
Uranium Mining Market in North America to 2020 - Higher Production Driven by New Projects, Improved Mining Methods and Price Increases by GBI ResearchSee all reports like this >>
Uranium Mining Market in North America to 2020 - Higher Production Driven by New Projects, Improved Mining Methods and Price IncreasesSummaryGBI Research’s new report, “Uranium ...
More Asia Uranium Mining reports
South East Asia Mining Report 2013 by Business Monitor International
South East Asia To Lure More InvestorsBMI View: Underpinned by an abundance of untapped mineral resources and the increasing attractivenessof frontier mining, we believe South ...
Russia Mining Report Q2 2013 by Business Monitor International
We forecast Russia's mining industry value to reach US$160bn by 2017, growing at an annual average rateof 1.3% from 2011 levels. We believe strong growth ...
Kazakhstan Uranium Mining Market Overview and Forecast to 2020: Trends, Major Projects, and Competitive Landscape by GlobalData
Kazakhstan Uranium Mining Market Overview and Forecast to 2020: Trends, Major Projects, and Competitive LandscapeSummaryGlobalData’s mining industry offering, Kazakhstan Uranium Mining Market Overview and Forecast ...
India Uranium Mining Market Overview and Forecast to 2020: Trends, Major Projects and Competitive Landscape by GlobalDataSee all reports like this >>
India Uranium Mining Market Overview and Forecast to 2020: Trends, Major Projects and Competitive LandscapeSummaryGlobalData’s mining industry offering, India Uranium Mining Market Overview and Forecast ...
More Asia reports
BC - West Sulawesi Cocoa Processing Plant - Indonesia - Construction Project Profile by World Market Intelligence
BC - West Sulawesi Cocoa Processing Plant - Indonesia - Construction Project Profile-SynopsisThe BC - West Sulawesi Cocoa Processing Plant - Indonesia - Construction Project ...
Eyewear in Hong Kong, China by Euromonitor International
Chinese mainland tourists with a preference for international spectacle brands are the key driver for high volume and value growth. Minimum wage ordinance passed in ...
The 2013-2018 Outlook for Indian Breads in the United States by Icon Group International, Inc.
This econometric study covers the latent demand outlook for Indian breads across the states and cities of the United States. Latent demand (in millions of ...
D&B Country Report: Sri Lanka by Dun & Bradstreet Inc.See all reports like this >>
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...
We can help you find what you need. Call us or write us:
Need help in your search?
Uranium Mining Reports