B2B drives market demand, with B2B spending representing 70.2% of total demand in 2024. Canada has the largest market size for mining of uranium and thorium ores across the top five developed countries, with demand reaching USD1.1 billion in 2024. Cameco Corp is the largest company in Canada, generating 32.0% of the industry’s total production value in 2024. The industry is fragmented, with the top four companies generating 34.5% of total production value in 2024. The total number of companies increases in 2024, to 57 units. The costs of the industry increase by 0.8% in 2024, largely driven by rising labour costs. The industry’s profitability decreases and stands at 27.7% of production value in 2024, the highest across the top five developed countries. The industry’s exports share decreases in 2024 to 35.9% of total production output. With production value of USD1.8 billion, Canada accounts for 98.2% of the North America total in 2024.
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This Euromonitor industrial report provides unique information on Mining of Uranium and Thorium Ores in Canada: ISIC 12. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Mining of Uranium and Thorium Ores in Canada: ISIC 12 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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