Australia Sets Sights on Uranium Market in Anticipation of Supply Shortage

Mining Weekly reported that, under pressure from declining iron-ore and coal prices, the Australian mining sector is turning its attention to the potentially lucrative uranium market, as global demand will likely soon outstrip supply.

As quoted in the market report:

Australia currently has the world’s largest uranium reserves, with 33% of the world’s reasonably recoverable uranium resources, and more than one-million tonnes more uranium than second-placed Kazakhstan.

To view the whole Mining Weekly report, click here.