Growing Global Demand for Nuclear Energy Fuels Major Rise in Australian Uranium Exports

Published on October 25, 2024

The Department of Industry, Science, and Resources (DISR) has revealed that there has been a significant increase in Australia’s uranium exports due to growing global demand for nuclear energy. Mark Weaver, general manager at the Australian Radioactive Waste Agency, a part of the DISR, said the growth began in 2020. “In [the] 2022-23 financial year, Australia exported 4,809 tonnes of uranium valued at $812 million (US$538 million),” he said at an inquiry into nuclear power generation on Oct. 24. “In 2023-24, exports increased to 5,883 tonnes of uranium valued at $1.2 billion. That represented a 47.8 increase in value between those two years.” In addition, the general manager said export values were projected to reach $1.3 billion in 2024-25 and $1.5 billion in 2025-26....

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