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The Global Uranyl Carbonate Market was valued at USD 142.8 Million in 2023 and is projected to reach USD 185.2 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2024–2029). This growth is primarily driven by the increasing global demand for nuclear energy, advancements in uranium extraction technologies, and the compound’s critical role in the nuclear fuel cycle and various industrial applications.

As the world seeks reliable, low-carbon energy sources, the nuclear industry’s supply chain, including essential chemicals like uranyl carbonate, gains strategic importance. This yellow-orange compound, a key intermediate in uranium processing, is pivotal for producing nuclear fuel and other specialized applications. In this blog, we profile the Top 10 Companies in the Uranyl Carbonate Industry—a group of mining giants, nuclear fuel specialists, and advanced materials suppliers shaping the market’s trajectory.

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🔟 1. Cameco Corporation

Headquarters: Saskatoon, Saskatchewan, Canada
Key Offering: Uranium Concentrates (U₃O₈), Uranyl Carbonate, UF₆

Cameco is one of the world’s largest uranium producers, with extensive mining and milling operations. The company produces uranyl carbonate as an intermediate product in its fuel services division, which converts uranium concentrate into uranium hexafluoride (UF₆) for nuclear reactors.

Strategic Focus:

• Leading global uranium supplier with high-grade deposits
• Integrated nuclear fuel cycle services
• Commitment to sustainable and safe uranium production

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9️⃣ 2. Orano

Headquarters: Châtillon, Hauts-de-Seine, France
Key Offering: Uranium Conversion, Enrichment, Uranyl Nitrate, Uranyl Carbonate

Orano (formerly AREVA NP) is a major player in the front-end of the nuclear fuel cycle. Its chemical conversion facilities handle large volumes of uranium, producing uranyl carbonate and other compounds as part of the process to create nuclear fuel.

Strategic Focus:

• Full suite of nuclear fuel cycle services
• Advanced uranium chemistry and conversion technologies
• Global operations supporting utilities worldwide

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8️⃣ 3. Energy Resources of Australia Ltd (ERA)

Headquarters: Sydney, New South Wales, Australia
Key Offering: Uranium Oxide, Uranyl Carbonate intermediates

ERA, majority-owned by Rio Tinto, operates the Ranger Uranium Mine in Australia. The company has expertise in processing uranium ore, which involves the production of uranyl carbonate during the chemical treatment phases before final uranium oxide production.

Strategic Focus:

• Significant uranium reserves in a stable mining jurisdiction
• Advanced in-situ recovery and milling technologies
• Focus on environmental stewardship in uranium processing

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7️⃣ 4. Kazatomprom

Headquarters: Nur-Sultan, Kazakhstan
Key Offering: Natural Uranium, Uranium Conversion Products, Uranyl Carbonate

As the world’s largest uranium producer, Kazakhstan’s national atomic company, Kazatomprom, has a dominant position in the global market. Its integrated operations include the production of various uranium compounds, supporting the entire nuclear fuel value chain.

Strategic Focus:

• World’s lowest-cost uranium production
• Strategic partnerships with international nuclear companies
• Expansion of chemical conversion capabilities

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6️⃣ 5. Uranium One

Headquarters: Moscow, Russia (Operations globally)
Key Offering: Uranium Production, Uranium Chemical Intermediates

Uranium One, a subsidiary of Rosatom, is a major international uranium mining company with operations in Kazakhstan, the United States, and Tanzania. The company produces uranium concentrates that feed into chemical conversion facilities where uranyl carbonate is generated.

Strategic Focus:

• Diversified global mining portfolio
• Vertical integration within the Rosatom nuclear ecosystem
• In-situ recovery technology expertise

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5️⃣ 6. China National Nuclear Corporation (CNNC)

Headquarters: Beijing, China
Key Offering: Complete Nuclear Fuel Cycle Services, Uranyl Compounds

CNNC oversees China’s nuclear power program and its entire fuel cycle. The state-owned corporation operates uranium conversion plants that produce uranyl carbonate as part of China’s rapidly expanding nuclear energy infrastructure.

Strategic Focus:

• Supporting China’s ambitious nuclear power expansion
• Domestic uranium resource development
• Advanced nuclear fuel cycle R&D

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4️⃣ 7. General Electric (GE Vernova)

Headquarters: Boston, Massachusetts, USA
Key Offering: Nuclear Fuel Services, Advanced Reactor Technologies

Through its nuclear business (now part of GE Vernova), GE has longstanding expertise in nuclear fuel design and manufacturing. The company engages with uranium chemistry, including uranyl carbonate applications, particularly in fuel research and development for advanced reactor designs.

Strategic Focus:

• Nuclear fuel design and engineering
• Advanced reactor technology development
• Global nuclear services and support

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3️⃣ 8. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: High-Purity Uranyl Carbonate, Research Chemicals

American Elements is a global manufacturer and distributor of advanced materials, including high-purity uranyl carbonate for research, development, and specialized industrial applications. The company serves laboratories, universities, and high-tech industries worldwide.

Strategic Focus:

• High-purity and research-grade uranium compounds
• Custom chemical synthesis capabilities
• Global distribution network for specialty chemicals

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2️⃣ 9. Energy Fuels Inc.

Headquarters: Lakewood, Colorado, USA
Key Offering: Uranium Production, Vanadium, Rare Earth Elements

Energy Fuels is a leading U.S.-based uranium producer with mining and milling operations. The company’s White Mesa Mill in Utah is the only conventional uranium mill operating in the United States, capable of producing uranium compounds including uranyl carbonate.

Strategic Focus:

• Critical mineral production for U.S. energy security
• Diversification into rare earth elements
• Advanced uranium recovery and processing technologies

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1️⃣ 10. Uranium Energy Corp (UEC)

Headquarters: Corpus Christi, Texas, USA
Key Offering: ISR Uranium Production, Uranium Holdings

Uranium Energy Corp is a growing uranium mining company focused on in-situ recovery (ISR) operations in the United States. The company’s production feeds into the nuclear fuel cycle where uranyl carbonate is produced during chemical processing.

Strategic Focus:

• Low-cost ISR uranium production
• Strategic uranium asset portfolio in North America
• Focus on environmentally responsible mining practices

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🌍 Outlook: The Future of Uranyl Carbonate in the Evolving Energy Landscape

The uranyl carbonate market is positioned at the intersection of nuclear energy growth, advanced materials science, and global energy transition strategies. As countries increasingly recognize nuclear power as essential for achieving carbon reduction goals, the demand for nuclear fuel cycle intermediates is expected to strengthen.

📈 Key Trends Shaping the Market:

• Expansion of nuclear power capacity in China, India, and emerging economies
• Development of small modular reactors (SMRs) requiring advanced fuel cycles
• Increased focus on uranium resource security and domestic supply chains
• Advancements in uranium extraction and processing technologies

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Uranyl Carbonate Market – View in Detailed Research Report

The companies profiled above are not only supplying a critical chemical intermediate—they are enabling the clean energy transition through their support of the global nuclear industry.