Uranium production in the world is expected to rise in the coming years. Nuclear energy is expected to grow as nations work hard to provide affordable energy without compromising global climate change and air pollution. As uranium prices increase, stock prices go up. Uranium mining is the process of extraction of uranium ore from the ground. The top countries producing Uranium are Kazakhstan, Canada, and Australia. But the United States is also a big uranium producer. Uranium mining is a process of mining uranium ore from the ground. The rock is then crushed and pulverized, then made into a slurry. Sulfuric acid is then mixed with the slurry to release the uranium from the hot rock. It is then sent to another plant to be enriched. After being pumped to a tailings dam, the tailings are exposed to the surface and heavy metals can be released into the environment. The company of Energy Fuels is a great company that deals with these Uranium mining and production. Uranium is in most rocks in concentrations of 2 to 4 parts per million and is as common in the Earth’s crust. Many people don’t think about the uranium that occurs in seawater, that can be recovered from the ocean. Uranium is a very heavy metal.
Uranium is used to run nuclear reactors but it also is used for other energy sources. Nuclear power plants provide substantial economic benefits to the states and regions where they reside. About 11% of the world’s electricity is generated from uranium in nuclear reactors. The United States has about 100 reactors operating which supplies about 20% of the world’s electricity. The last 60 years, the world has enjoyed the benefits of cleanly-generated electricity from nuclear power. This is a good time to invest in uranium stocks. If you are looking to invest in uranium energy, you really can go wrong with the predicted production rise that is predicted for 2018. If you are contemplating investing in energy stocks, this is a good time.
Other uses of nuclear energy are many and many people may think that it is only useful in nuclear reactors. Radioactive isotopes play an important part in technology. In medicine, radioisotopes are widely used for research and diagnosis. About one person in every 2 will benefit from nuclear medicine in their life time. They are also used in the preservation of food. They are used with growing crops to keep them disease free and pest resistant. They also have a role in helping with the mining process as well as they are used in smoke detectors. There are so many uses for uranium in today world and this is such a precious metal. There are so many advantage to using uranium and now is a good time to invest in energy fuels, namely uranium. If you follow the stock market, you will see that there is supposed to be a large increase in the need for nuclear energy in the current year. Look at the website of Energy Fuels at www.energyfuels.com.