African Uranium Renaissance? Mining Firms Plan $3.5 Billion in Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--The disaster at Japan's Fukishima Nuclear Power Plant in 2011 hammered the global uranium market, with uranium prices dropping to $18 per pound by 2017. But experts see 2021 as a possible renaissance for the uranium market.

Africa, in particular, is focused on developing nuclear energy, with 13 countries on the continent seeking accreditation. Among the challenges facing the nuclear market is an ongoing depletion of the stock held by some of the world's largest uranium producers: Four of the top ten uranium mines are set to close before the end of this decade.

Industrial Info is tracking 20 active uranium-mining projects, worth about $3.6 billion, across Africa. Subscribers to Industrial Info's Metals & Minerals Project Database can click here for a list of related project reports.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.