Meltdown: The 2011 Fukushima disaster caused weak industry demand over the past five years

Australia has an estimated 31% of the world's uranium reserves, but accounts for less than 12% of global uranium output. Government reluctance to establish new uranium mines has meant a considerable portion of Australia's uranium resources has been left untouched. Over the past five years, the Uranium Mining industry has displayed high revenue volatility due to fluctuating prices and export volumes. Industry revenue is expected to decline at an annualised 6.2% over the five years through 2017-18, to reach $636.2 million. A 5.6% revenue increase is expected in 2017-18, due to an expected rise in uranium prices (in Australian dollar terms).Over the past five years, the industry's operating environment has changed due to the global supply and demand balance...read more.

Industry Statistics & Market Size
Revenue
$636m
Annual Growth 13-18
-6.2%
Forecast Growth 18-23
Profit
Employment
2,060
Businesses
3

Industry Threats & Opportunities

  • The industry has displayed high volatility due to fluctuating prices and export volumes
  • Producers sell the bulk of their output through long-term contracts, rather than on spot markets
  • Increasing global demand and slower supply growth are expected to drive price increases
  • Industry Report - Industry Investment Chapter

    A high level of capital intensity characterises the Uranium Mining industry. In 2017-18, for every dollar spent as wages, an estimated $0.61 is projected to be invested in capital requirements. This capital intensity level has increased over the past five years as depreciation allowances decreased at a slower rate than industry wages. Industry operators are heavily reliant on large-scale earthmoving and ore processing machinery and equipment. Additionally, several exploration and development costs may be capitalised rather than expensed. These costs are often incurred over the life of the mine and therefore contribute to depreciation expenses.Capital intensity varies depending on the type of mining technique that companies use. Und...purchase to read more.

    Additional Insights for the Uranium Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Uranium Mining Industry are

  • Access to high quality inputs
  • Ability to accommodate environmental requirements
  • Having a large supply contract
  • IBISWorld analysts also discuss how external factors such as World price of uranium and US dollars per Australian dollar in the Uranium Mining industry impact industry performance..

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    What's in this report

    What is the Uranium Mining Industry?

    Industry companies mine uranium-bearing ore and extract uranium compounds from the ground using chemical leaching processes.

    Industry Products
  • Underground uranium oxide mining and processing
  • Open-pit uranium oxide mining and processing
  • Uranium oxide leaching and processing
  • Industry Activities
  • Uranium ore mining
  • Extracting uranium compounds from ore via chemical methods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of uranium
  • US dollars per Australian dollar
  • World price of steaming coal
  • Public concerns over environmental issues
  • World price of natural gas

  • Current Performance
  • Revenue and profitability
  • Prices and nuclear programs
  • Production, mine expansions and regulation
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Power hungry
  • Greater output
  • Table: Uranium Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Uranium Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Metal and Mineral Wholesaling

  • Key Selling Industries
  • Contract Mining Services
  • Industrial and Agricultural Chemical Product Wholesaling
  • Petroleum Product Wholesaling
  • Road Freight Transport
  • Water Freight Transport

  • Products & Services
  • Underground uranium oxide mining and processing
  • Open-pit uranium oxide mining and processing
  • Uranium oxide leaching and processing
  • Chart: Uranium Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Energy generators in Asia
  • Energy generators in North America
  • Energy generators in Europe
  • Chart: Major Market Segmentation for the Uranium Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Uranium Mining

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Uranium Mining Industry

  • Industry Globalization
    BHP Billiton Limited, Energy Resources of Australia Ltd, Heathgate Resources Pty Ltd,
  • Table: BHP Billiton Limited - financial performance
  • Table: Energy Resources of Australia Ltd - financial performance
  • Table: Heathgate Resources Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Uranium Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Uranium Mining Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Wages (2009-2023)
  • Export Volumes (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    In-Situ Leaching
  • The recovery of minerals by chemical leaching instead of excavation.
  • Milling
  • Grinding ore into fine particles prior to further processing.
  • Spot Price
  • The price quoted for a sale not covered by an ongoing contract.
  • Uranium Oxide
  • Also known as yellowcake due to its colour, uranium oxide must be further enriched to be used as fuel in nuclear power stations.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Uranium Mining market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Uranium Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Uranium Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Uranium Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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