Uranium and nuclear industry developments in Australia

There is strong growth in nuclear energy projected as China, India and others expand their nuclear fleets given the imperative to produce increasing amounts of reliable, affordable electricity while reducing CO2 emissions. There is scope for Australia to benefit – with a third of reserves but just a tenth of global trade – Australia can sustainably grow its share of global production in the decades ahead as the market expands. The South Australian Royal Commission has made a positive contribution to the domestic debate about Australian potential in the nuclear fuel cycle.  This debate will continue as Australia explores economic opportunities in high tech, high paying sectors in which it can develop a competitive advantage. It is important to continue the positive momentum of the last decade in reform and building community confidence in what the industry contributes today and what it can do in the future.

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