5 Countries With The Largest Uranium Reserves In The World, Number 1 Is Indonesia’s Neighbors

JAKARTA – Uranium has become one of the most important materials in the energy sector, and it is important to know the countries with the largest uranium reserves. Uranium resources have become a fuel for power generation nuclear power for over 60 years, and today nuclear power serves 10% of the world’s energy needs.

Global uranium demand is expected to grow in the coming years, which is very similar to future uranium prices. According to the World Nuclear Association (WNA), around 60 nuclear reactors are being built around the world, and a major increase in capacity is also part of the plan.

Global uranium production will reach 57,651 metric tons (MT) of U3O8 in 2022. Five countries are listed as the largest contributors to uranium production. So which country currently has the largest uranium reserves, which could play a key role when nuclear plants begin to mushroom.

The following is an overview of the five countries with the largest uranium resources, with data obtained from WNA. At the same time, reserve bricks for investments by public companies can be obtained from MiningDataOnline.

These are the 5 countries with the largest uranium reserves in the world

5. Namibia

Uranium resources: 470,100 metric tons (8% of world uranium resources)

Namibia is the third largest uranium producing country in the world, and ranks fifth for the country with the largest reserves.

The state-owned Langer Heinrich mine, controlled by Paladin Energy, and the Rössing mine, which is majority owned by China National Uranium, are capable of producing 10% of the world’s uranium production. Langer Heinrich holds total proven and probable reserves of 83.8 million pounds of uranium from 84.8 million MT.

In addition, Namibia’s deposits are also in Trekkopje, which is near Rössing and with Orano, and the world-class Husab uranium mine, which is also majority-owned by China National Uranium. Husab is estimated to hold 224.8 million pounds of uranium reserves.

The Namibian government continues to support the expansion of the uranium mining industry. Although there are no nuclear power plants in Namibia, there is some support for the nuclear power industry throughout the country.

4. Russia

Uranium resources: 480,900 metric tons (8% of world uranium resources)

As the country with the most land, Russia is rich in resources, including 8% of the world’s uranium. Most of Russia’s domestic uranium production comes from Rosatom, a subsidiary of ARMZ Uranium Holding, which owns the Priargunsky underground mine and is developing the Vershinnoye deposit in Southern Siberia.