Chain reaction: Export volumes and uranium prices are set to rise, boosting revenue

Australia has an estimated 31% of the world's uranium reserves, but accounts for less than 10% of global uranium output. Government reluctance to allow new uranium mines has resulted in a considerable portion of Australia's uranium resources being left untouched. Over the past five years, the Uranium Mining industry has displayed high volatility due to fluctuating prices and export volumes. Industry revenue is expected to grow at a compound annual rate of 8.0% over the five years through 2016-17, to reach $906.6 million. A 6.5% revenue fall is projected in 2016-17, due to a major surge in the previous year, and subsequent declines in volumes and pricing.Over the past five years, the industry's operating environment has changed due to the global supply and demand more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

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 - Starting a New Business Chapter

    Although high entry barriers characterise the industry, these have gradually decreased over the past five years. The large amount of capital required to either establish new operations in the industry or acquire existing mines poses a substantial barrier to entry for prospective entrants. Further, other market requirements such as an in-depth understanding of the industry and a proven track record as a supplier represent entry barriers for new companies. Industry operations carry a very high level of risk, which can further deter potential firms from entering the industry. This trend was highlighted when the recently opened Honeymoon mine was placed under maintenance in 2013-14 after only opening in 2011-12.Ultimately, regulation poses the biggest barrier to entry. Unt...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
  • Chart: Revenue Growth

  • Industry Outlook
  • 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
    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 North America
  • Energy generators in Europe
  • Energy generators in Asia
  • 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
  • Internal competition
  • External 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
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Wages (2008-2022)
  • Export Volumes (2008-2022)

  • 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 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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
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    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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