Browse full report at: http://www.transparencymarketresearch.com/uranium-market.html
Other secondary sources of uranium include civil stockpiles, recycled uranium, and ex-military weapons-grade uranium. It is expected that there will be a balance between the demand and the supply as the number of new reactors being constructed and old plants retiring is nearly the same.
In the next six years, it is expected that China, Russia, India, the Middle East, and Europe will expand their use of nuclear energy, creating intense competition for mined uranium. China and Russia are the fastest growing markets and they have already started buying huge stakes in uranium mining operations.
In 2011, after the incident of Fukushima Daiichi reactor owing to Japan’s tsunami and earthquake, the uranium market might witness slow growth. Shortage of uranium may be experienced in the next few years in spite of the abundance of uranium in the earth’s crust, but it takes many years to build and finance uranium mining operations.
Some of the major factors driving the market are the growing demand for nuclear energy, the economic advantage associated with uranium production, oil price fluctuations, and increased awareness regarding reducing carbon emissions. The restraint faced by the industry is the high entry barrier because it is a highly capital intensive industry and requires a long time to obtain mining permits. Owing to environmental concerns, obtaining a uranium mining permit is a major challenge.
The global uranium industry is highly concentrated as very few players are operating in relatively few countries. Russia’s Rosatom and Kazakhstan’s Kazatomprom have entered into a joint venture to dominate the uranium market. Some of the key participants in the market are Cameco Corp., African Energy Resources Ltd, Energy Resources of Australia Ltd, American Uranium Corp. Inc., National Atomic Company Kazatomprom, China National Nuclear Corp., Gulf Mines Ltd., and JOGMEC.
More reports on Energy market: http://www.transparencymarketresearch.com/energy-market-reports-3.html
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.
TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.
90 State Street,
Albany NY - 12207
Browse another blog: http://marketingresearchfirm.wordpress.com