The History of Uranium Producers of America:
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There are many examples of radioactive elements being used for commercial applications in the United States. One of the most well-known is Uranium. Uranium is a radioactive element that is found in large deposits throughout the world.
Since its inception in the early 1940s the History of Uranium Producers of America has remained a leading provider of uranium for the United States and the worlds nuclear power industry. In the 1990s the price of Uranium increased dramatically due to a shortage of global supplies.
How Uranium is Being Used Today
Today, uranium is being used in a variety of applications, including nuclear power, research, and medicine. One of the major uses of uranium is in the development of nuclear power. In the United States, as of 2013, approximately 20% of electricity was generated using nuclear power. This is down from a peak of over 25% in the mid-1990s. In France, as of 2008, about 75% of electricity was generated using nuclear power. However, United States households are showing more and more interest in using the backup energy. For instance, the interest in the best 10,000 Watt generators has grown by 7080% during the last decade.
How the Demand is Rising
As the global uranium industry’s number one producer, Canada is responsible for nearly half of the world’s uranium supply.1 In 2009, uranium exports brought in $158 million in revenue, and its uranium trade is expected to grow from $1.4 billion in 2009 to $3 billion by 2015.2 Canada’s two major uranium mining companies, Cameco and AREVA, are expected to produce 4.9 million pounds of uranium in 2011, which is a 30% increase from 2010.3 In the United States, the demand for uranium is expected to rise from 6.5 million pounds in 2009 to 8.4 million pounds in 2013.4 |
UPA Member Company Profiles and Production Capacity.