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Mining of Uranium and Thorium Ores in Australia: ISIC 12

Australia uranium and thorium ores market valued at A$306Mn in 2010


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2014-02-07 05:07:01 - Mining of Uranium and Thorium Ores in Australia: ISIC 12 - a new market research report on companiesandmarkets.com

With increasing global usage of nuclear power and Australia´s significant uranium and thorium reserves, the country´s uranium and thorium ores mining industry grew 8% annually over 2000-2010, and is well positioned to see high growth both in both the shorter and longer term.

The Australian uranium and thorium ores market was valued at A$306 million in 2010, after growing by a net 47% over the decade under review. Declining slightly in 2004-2005, the market started to grow again until 2009 when it saw a 6% year-on-year decline. In 2010 the market returned to growth with a 15% year-on-year increase as prices became more favourable.

The buyers´ market is dominated by businesses, whose purchases accounted for 99% of the value of the total

 

 

market throughout the decade. The main uses of uranium among companies are for medical applications, industry and nuclear science research.

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