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The uranium market is a subset of the chemical industry, focused on the production and sale of uranium ore and its derivatives. Uranium is a naturally occurring element that is used in nuclear power plants to generate electricity. It is also used in medical and industrial applications. The market is highly regulated, with governments setting limits on the amount of uranium that can be mined and sold.
The market is largely driven by demand from nuclear power plants, which account for the majority of uranium consumption. Other factors that influence the market include the availability of uranium ore, the cost of production, and the price of uranium on the global market.
Companies in the uranium market include Cameco Corporation, Kazatomprom, and Uranium One. These companies are involved in the production, processing, and sale of uranium ore and its derivatives. Show Less Read more