• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 hours If hydrogen is the answer, you're asking the wrong question
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 15 hours Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Is This The No.1 Energy Stock for 2024?

Is This The No.1 Energy Stock for 2024?

Europe’s energy shortage has opened…

This Country Produces 39% Of The World’s Uranium

Uranium is in high demand, as it is used as fuel in nuclear power plants around the world. 

Statista's Dyfed Loesche notes that according to the German Institute for Geosciences and Natural Resources BGR, Kazakhstan is the biggest producer of the radioactive metal. The central Asian country produced around 24,600 metric tons of the substance in 2016. This is a share of close to 40 percent of the worldwide production.

(Click to enlarge)

You will find more statistics at Statista

Australia comes in at third place with 6,300 metric tons. However, in terms of total resources, Australia has the most. Approximately 1.1 million tons are slumbering in its earths, not all of which can currently be excavated at reasonable costs.

Around the world there are known resources of some 3.5 million tons, so there is no foreseeable shortage.

The United States is still the biggest consumer of uranium, consuming 18,200 metric tons in 2016 compared to 5,300 tons in China.

ADVERTISEMENT

However, China's need for uranium is likely to increase in the future, as of the 61 reactors that are being built in 15 countries worldwide, 21 are located in the People's Republic. In Namibia, in southeast Africa, the Chinese run Husab pit began production in 2016, and could potentially become the world's single biggest uranium production facilities.

By Zerohedge

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • David on December 19 2017 said:
    This same Kazakhstan is also the the country that caused overglut of uranium this past 6 years. They not only hurt the oversupply issue but hurt there own business with these prices going to iPo this summer. They only cut 20 percent which will not touch the oversupply. They should have cut 50 percent. They have sold there precious resources for dirt cheap .

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News