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Uranium is a silvery-white metal that has unique properties allowing it to create fuel in nuclear reactors. The metal is also required when it comes to powering nuclear submarines and producing nuclear weapons.
The countries with the leading uranium reserves, in order of recoverable reserves, are Australia, Kazakhstan, Russia, Canada, South Africa, Niger, Namibia, and China. Australia possesses around 30% of the world's reserves.
Uranium is a highly political commodity as the world attempts to control the proliferation of nuclear weapons. Meanwhile, the price of the metal has traded in a range from $17.50 to