Digging in: Demand for industry products is expected to decline slightly as the use of substitutes increases
Uranium & Metal Ore Mining Companies in the Uranium and Metal Ore Mining industry in Canada mine molybdenum, platinum, palladium, uranium, cobalt and a variety of metal bearing ores sold to various markets. As a result, industry revenue is closely linked to the underlying prices of the commodities, which themselves are a function of global supply and demand conditions. Uranium demand has been slow over the past five years, partly due to low demand for new nuclear projects following the Fukushima Daiichi nuclear disaster. This has prompted global supplies of uranium to build up, bringing prices down worldwide. The outlook for the industry over the five years to 2024 is positive, as average prices of industry-relevant commodities are expected to increase. As global supply and demand of uranium balances out, prices are forecast to rise.
Companies in the Uranium and Metal Ore Mining industry in Canada mine molybdenum, platinum, palladium, beryllium, uranium and a range of other nonferrous metal-bearing ores, excluding gold, silver, copper, nickel, lead and zinc ores.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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