Nuclear Fuel Mining Market: IntroductionNuclear fuel mining is mining of uranium and thorium, which are widely used nuclear fuels found in the earth’s crust.
Especially, uranium is used on a large scale and it is found naturally, with an average concentration of 2.8 parts per million (ppm) in the earth’s crust.Uranium is more abundant than silver, mercury, and gold.
These techniques help protect workers from exposure to radiations and ensure safety of the general public as well as environment.According to World Nuclear Association, approximately 10% of the world’s electricity is generated by about 440 nuclear power reactors.
Also, 50 more reactors are under construction, with their capacity equivalent to approximately 15% of the existing capacity.Key Drivers of Global Nuclear Fuel Mining MarketNuclear fuel mining witnesses high demand globally, owing to rising demand for nuclear fuel.
In 2018, 12 countries worldwide fulfilled at least 25% of their electricity demand from nuclear fuel.However, high initial investments, government regulations, and health hazards is estimated to act as a restraining factor for the global nuclear fuel mining market during the forecast periodAre you a start-up willing to make it big in the business?
Grab an exclusive PDF sample of this reportKey DevelopmentsIn October 2019, the Atomic Minerals Directorate (AMD) has found high levels of uranium concentration in groundwater samples across the Lambapur-Peddagattu region, known for large uranium deposits, in Nalgonda district of the Telangana state of India.