Nuclear power is the use of nuclear reactions to produce electricity. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion reactions. Presently, the vast majority of electricity from nuclear power is produced by nuclear fission of uranium and plutonium in nuclear power plants. Nuclear decay processes are used in niche applications such as radioisotope thermoelectric generators in some space probes such as Voyager 2. Reactors producing controlled fusion power have been operated since 1958 but have yet to generate net power and are not expected to be commercially available in the near future.
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
As of 2024, Finland has five operating nuclear reactors in two power plants, all located on the shores of the Baltic Sea. Nuclear power provided about 35% of the country's electricity generation in 2022. The first research nuclear reactor in Finland was commissioned in 1962 and the first commercial reactor started operation in 1977. The fifth reactor started operation in April 2023.
The uranium market, like all commodity markets, has a history of volatility, moving with the standard forces of supply and demand as well as geopolitical pressures. It has also evolved particularities of its own in response to the unique nature and use of uranium.
Uranium mining is the process of extraction of uranium ore from the ground. Over 50,000 tons of uranium were produced in 2019. Kazakhstan, Canada, and Australia were the top three uranium producers, respectively, and together account for 68% of world production. Other countries producing more than 1,000 tons per year included Namibia, Niger, Russia, Uzbekistan and China. Nearly all of the world's mined uranium is used to power nuclear power plants. Historically uranium was also used in applications such as uranium glass or ferrouranium but those applications have declined due to the radioactivity and toxicity of uranium and are nowadays mostly supplied with a plentiful cheap supply of depleted uranium which is also used in uranium ammunition. In addition to being cheaper, depleted uranium is also less radioactive due to a lower content of short-lived 234
U and 235
U than natural uranium.
Mining in Australia has long been a significant primary sector industry and contributor to the Australian economy by providing export income, royalty payments and employment. Historically, mining booms have also encouraged population growth via immigration to Australia, particularly the gold rushes of the 1850s. Many different ores, gems and minerals have been mined in the past and a wide variety are still mined throughout the country.
World Nuclear Association is the international organization that promotes nuclear power and supports the companies that comprise the global nuclear industry. Its members come from all parts of the nuclear fuel cycle, including uranium mining, uranium conversion, uranium enrichment, nuclear fuel fabrication, plant manufacture, transport, and the disposal of used nuclear fuel, as well as electricity generation itself.
Kakadu National Park, located in the Northern Territory of Australia, possesses within its boundaries a number of large uranium deposits. The uranium is legally owned by the Australian Government, and is sold internationally, having a large effect on the Australian economy. The mining has been controversial, due to the widespread publicity regarding the potential danger of nuclear power and uranium mining, as well as because of objections by some Indigenous groups. This controversy is significant because it involves a number of important political issues in Australia: Native Title, the environment, and Federal-State-Territory relations.
Uranium mining in the United States produced 224,331 pounds (101.8 tonnes) of U3O8 in 2023, 15% of the 2018 production of 1,447,945 pounds (656.8 tonnes) of U3O8. The 2023 production represents 0.4% of the uranium fuel requirements of the US's nuclear power reactors for the year. Production came from five in-situ leaching plants, four in Wyoming (Nichols Ranch ISR Project, Lance Project, Lost Creek Project, and Smith Ranch-Highland Operation) and one in Nebraska (Crowe Butte Operation); and from the White Mesa conventional mill in Utah.
Energy in Kazakhstan describes energy and electricity production, consumption and import in Kazakhstan and the politics of Kazakhstan related to energy.
The Australian Uranium Association was an Australian industry trade group which represented companies involved in uranium exploration, mining and export. It operated from September 2006 until 2013, after which its responsibilities were absorbed by the Minerals Council of Australia.
Uranium One is an international group of companies, part of the management circuit of the TENEX Group of Rosatom State Corporation. Since 2013, it is a wholly owned subsidiary of Moscow-based Uranium One Group, a part of the Russian state-owned nuclear corporation Rosatom.
Uranium production is an important part of the African economy, with Niger, Namibia and South Africa creating up to 18% of the world's annual production. Many African countries produce uranium or have untapped uranium ore deposits.
Radioactive ores were first extracted in South Australia at Radium Hill in 1906 and Mount Painter in 1911. 2,000 tons of ore were treated to recover radium for medical use. Several hundred kilograms of uranium were also produced for use in ceramic glazes.
Canada is the world's second-largest producer of uranium, behind Kazakhstan. In 2009, 20% of the world's primary uranium production came from mines in Canada. 14.5% of the world production came from one mine, McArthur River. Currently, the only producing area in Canada is northern Saskatchewan, although other areas have had active mines in the past.
Kvanefjeld, in Greenland, is the site of a mineral deposit, which is claimed to be the world's second-largest deposit of rare-earth oxides, and the sixth-largest deposit of uranium. There are also substantial sodium fluoride deposits, and Kvanefjeld is thought to be one of the largest multi-element deposits of its kind in the world.
The Single Electricity Market encompassing the entire island of Ireland does not, and has never, produced any electricity from nuclear power stations. The production of electricity for the Irish national grid (Eirgrid), by nuclear fission, is prohibited in the Republic of Ireland by the Electricity Regulation Act, 1999 . The enforcement of this law is only possible within the borders of Ireland, and it does not prohibit consumption. Since 2001 in Northern Ireland and 2012 in the Republic, the grid has become increasingly interconnected with the neighbouring electric grid of Britain, and therefore Ireland is now partly powered by overseas nuclear fission stations.
The world's largest producer of uranium is Kazakhstan, which in 2019 produced 43% of the world's mining output. Canada was the next largest producer with a 13% share, followed by Australia with 12%. Uranium has been mined in every continent except Antarctica.
Kazakhstan 
Canada 
Namibia 
Australia 
Uzbekistan 
Russia 
Niger 
China 
India 
South Africa 
Ukraine 
United States 
Pakistan 
Brazil 
Iran 
