11 Largest Uranium Producing Countries in the World

7. China

Annual Nuclear Production: 1,600 tU

China produces uranium domestically each year, utilizing a mix of underground operations and local ISR fields. However, this domestic output represents only a fraction of what the nation actually requires. To fuel rapid domestic build-out of new commercial nuclear reactors, Beijing relies on an aggressive dual-track acquisition strategy. State utilities like CGN and CNNC secure large-scale equity stakes in operating mines across Namibia and Kazakhstan, while simultaneously building massive strategic stockpiles. This ensures that their ambitious long-term domestic energy targets remain insulated from international supply disruptions.

A nuclear stock attracting interest worldwide is Energy Fuels Inc. (NYSE:UUUU). The firm engages in the exploration, recovery, recycling, operation, development, permitting, evaluation, and sale of uranium mineral properties in the United States. It produces and sells vanadium pentoxide, rare earth elements, carbonate, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite. Earlier this month, the company posted earnings for the first quarter of 2026. Revenue was in excess of $35.8 million, up 112% year-on-year and beating estimates by $4 million. The company generated $8.3 million in cash from operating activities during the three months ended March 31, 2026, compared to $18.8 million used in cash from operating activities during the same period in 2025.