Canada Rich in Uranium Resources Projected to Fuel Strong Growth for Mining Industry Over Next Five Years
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Tuesday, February 13, 2024
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Overall industry revenue has climbed at a CAGR of 5.4% to an estimated $4.0 billion, while leading to growth in industry profit.
Key Points:
- Overall industry revenue has climbed at a CAGR of 5.4% to an estimated $4.0 billion, while leading to growth in industry profit.
- The industry in Canada will continue to be primarily driven by fluctuations in the prices of its underlying commodities.
- Declining prices for molybdenum and platinum will inhibit industry growth, but be partly offset by inclines/rises in the price of uranium.
- The prices of three of the most prominent industry products, molybdenum, platinum and uranium have all grown since 2018.