Results for tag: "Uranium Ore"

Uranium ore is a non-ferrous metal that is used in the production of nuclear fuel and other nuclear materials. It is mined from deposits located in various parts of the world, including Canada, Australia, and Kazakhstan. The ore is processed into uranium oxide, which is then enriched to create fuel for nuclear reactors. The uranium ore market is highly regulated, with governments setting quotas and prices for the ore. The demand for uranium ore is driven by the need for nuclear fuel, which is used to generate electricity in many countries. The supply of uranium ore is limited, as it is a finite resource, and the cost of production is high. As a result, the price of uranium ore is subject to significant fluctuations. Companies in the uranium ore market include Cameco Corporation, Rio Tinto, and Kazatomprom. Show Less Read more