whatyareckon

Markets don’t lie. The growth in demand for uranium is driven by the world’s growing demand for nuclear power.

Australia holds the world’s largest uranium reserves and, despite its shifting policy of limiting the number of mines and states that have banned them, is the world’s third-largest uranium exporter. Happy to export it, but too dim to use it ourselves.

That Australia, among the world’s largest uranium exporters, doesn’t rely on nuclear power astonishes those from the 30 countries where you’ll find nearly 450 nuclear reactors currently operating – including the French, Americans, Canadians, Japanese and Chinese. Another 15 countries are currently building 60 reactors among them. Nuclear power output accounts for over 11% of global electricity production. But not a lick of it in Australia.

In 1998, the Federal government enacted legislation that prohibits nuclear power generation in any form. The Environment Protection and Biodiversity Conservation Act