12 Largest Uranium Producing Countries in the World

4. Australia

Production from mines in 2022: 4,553 metric tons

Australia’s uranium production saw a notable decline in 2021, dropping to 4,192 metric tons from 6,203 metric tons in 2020. Holding 28 percent of the world’s known recoverable uranium resources, Australia does not utilize nuclear power. However, the World Nuclear Association suggests that with the country’s heavy reliance on coal, future carbon constraints on electricity generation could make nuclear power a strong possibility. Australia has the infrastructure to support a potential nuclear power program. The country has three active uranium mines, including BHP’s Olympic Dam, which contains the largest known uranium deposit in the world. Although uranium is produced only as a by-product at Olympic Dam, its substantial output makes it the fourth largest uranium-producing mine globally, as it holds more than 2 million of uranium oxide.