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Uranium & Metal Ore Mining Industry Data and Analysis
Uranium and metal ore miners have exhibited constant shifts in revenue as commodity prices have fluctuated amid global supply and demand conditions. While the pandemic severely hampered production as lockdowns shut down mining activities, miners benefited from the overall positive movement of platinum and uranium. As mines reopened and the need for these minerals remains strong, production and prices swelled, providing miners with a robust recovery period. Overall, industry revenue has climbed at a CAGR of 12.6% to an estimated $5.1 billion, through the end of 2025. Revenue will dip 3.2% in 2025 as molybdenum and uranium prices push down.
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What's included in this industry analysis
IBISWorld's research coverage on the Uranium & Metal Ore Mining industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Uranium & Metal Ore Mining industry in Canada operates under the NAICS industry code 21229CA. Companies in the Uranium and Metal Ore Mining industry in Canada mine molybdenum, platinum, palladium, beryllium, uranium and a range of other nonferrous metal-bearing ores, excluding gold, silver, copper, nickel, lead and zinc ores. Related terms covered in the Uranium & Metal Ore Mining industry in Canada include in situ leaching, concentrate, open-cut mining, roasting and yellowcake.
What's included in this industry?
Products and services covered in Uranium & Metal Ore Mining industry in Canada include Platinum group metals, Uranium and Molybdenum.
What companies are included in this industry?
Companies covered in the Uranium & Metal Ore Mining industry in Canada include Cameco Corporation and Impala Canada Limited.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Uranium & Metal Ore Mining industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Uranium & Metal Ore Mining industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Uranium & Metal Ore Mining industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Uranium & Metal Ore Mining industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Uranium & Metal Ore Mining industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Uranium & Metal Ore Mining industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Uranium & Metal Ore Mining industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Uranium & Metal Ore Mining industry in Canada.
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Frequently Asked Questions
What is the market size of the Uranium & Metal Ore Mining industry in Canada in 2026?
The market size of the Uranium & Metal Ore Mining industry in Canada is $5.1bn in 2026.
How many businesses are there in the Uranium & Metal Ore Mining industry in Canada in 2025?
There are 8 businesses in the Uranium & Metal Ore Mining industry in Canada, which has grown at a CAGR of 5.9 % between 2020 and 2025.
How may import tariffs affect the Uranium & Metal Ore Mining industry in Canada?
The Uranium & Metal Ore Mining industry in Canada is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Uranium & Metal Ore Mining industry in Canada?
The Uranium & Metal Ore Mining industry in Canada is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Uranium & Metal Ore Mining industry in Canada grown or declined over the past 5 years?
The market size of the Uranium & Metal Ore Mining industry in Canada has been growing at a CAGR of 12.6 % between 2020 and 2025.
What is the forecast growth of the Uranium & Metal Ore Mining industry in Canada over the next 5 years?
Over the next five years, the Uranium & Metal Ore Mining industry in Canada is expected to grow.
What are the biggest companies in the Uranium & Metal Ore Mining industry in Canada?
The biggest companies operating in the Uranium & Metal Ore Mining industry in Canada are Cameco Corporation and Impala Canada Limited
What does the Uranium & Metal Ore Mining industry in Canada include?
Uranium mining and beneficiating and Platinum group metal mining and beneficiating are part of the Uranium & Metal Ore Mining industry in Canada.
Which companies have the highest market share in the Uranium & Metal Ore Mining industry in Canada?
The company holding the most market share in the Uranium & Metal Ore Mining industry in Canada is Cameco Corporation.
How competitive is the Uranium & Metal Ore Mining industry in Canada?
The level of competition is high and steady in the Uranium & Metal Ore Mining industry in Canada.
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