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NAICS Code 212290-01 Description (8-Digit)

The Uranium industry is a subdivision of the Other Metal Ore Mining industry, which involves the exploration, extraction, and processing of uranium ore. Uranium is a naturally occurring radioactive element that is used primarily as fuel for nuclear power plants. The industry is highly regulated due to the potential risks associated with the handling and processing of radioactive materials.

Hierarchy Navigation for NAICS Code 212290-01

Parent Code (less specific)

Tools

Tools commonly used in the Uranium industry for day-to-day tasks and operations.

  • Geiger counters
  • Core drills
  • Blasting equipment
  • Excavators
  • Loaders
  • Haul trucks
  • Crushers
  • Conveyors
  • Leaching tanks
  • Ion exchange columns

Industry Examples of Uranium

Common products and services typical of NAICS Code 212290-01, illustrating the main business activities and contributions to the market.

  • Uranium mining
  • Uranium exploration
  • Uranium processing
  • Uranium enrichment
  • Nuclear fuel production
  • Nuclear power generation
  • Radioisotope production
  • Radiation monitoring
  • Nuclear waste management
  • Nuclear decommissioning

Certifications, Compliance and Licenses for NAICS Code 212290-01 - Uranium

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Uranium Mill Tailings Radiation Control Act (UMTRCA) License: This license is required for the possession, use, and transfer of byproduct material resulting from uranium ore processing. The license is issued by the US Nuclear Regulatory Commission (NRC).
  • Source Material License: This license is required for the possession, use, and transfer of source material, which includes uranium ore. The license is issued by the US Nuclear Regulatory Commission (NRC).
  • Nuclear Regulatory Commission (NRC) Agreement State License: This license is required for the possession, use, and transfer of radioactive materials, including uranium, in states that have entered into an agreement with the NRC. The license is issued by the state regulatory agency.
  • Occupational Safety and Health Administration (OSHA) Hazard Communication Standard: This standard requires employers to provide information and training to employees about hazardous chemicals, including uranium.
  • Environmental Protection Agency (EPA) National Emission Standards for Hazardous Air Pollutants (NESHAP) for Radionuclides: This regulation sets emission standards for radionuclides, including uranium, from various sources, including uranium mines and mills.

History

A concise historical narrative of NAICS Code 212290-01 covering global milestones and recent developments within the United States.

  • The Uranium industry has a long and complex history. Uranium was first discovered in 1789 by Martin Klaproth, a German chemist. However, it wasn't until the 20th century that Uranium became a valuable commodity. In the 1940s, Uranium was used to create the first atomic bombs, which were dropped on Hiroshima and Nagasaki. After World War II, the demand for Uranium increased as countries began to develop nuclear power plants. In the 1970s, the industry experienced a boom as many countries invested heavily in nuclear power. However, the industry suffered a setback after the Chernobyl disaster in 1986, which led to a decline in demand for Uranium. In recent years, the industry has seen a resurgence as countries like China and India have increased their investment in nuclear power. In the United States, the Uranium industry has a more recent history. The industry began to develop in the 1940s as part of the Manhattan Project, which was a research and development undertaking during World War II that produced the first nuclear weapons. After the war, the industry continued to grow as the United States invested heavily in nuclear power. However, the industry suffered a decline in the 1980s due to a decrease in demand for nuclear power. In recent years, the industry has seen a slight uptick as the United States has increased its investment in nuclear power and as other countries have increased their demand for Uranium.

Future Outlook for Uranium

The anticipated future trajectory of the NAICS 212290-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Uranium industry in the USA is positive due to the increasing demand for nuclear energy. The industry is expected to grow as the government is investing in nuclear power plants and nuclear energy research. The demand for Uranium is also expected to increase as more countries are shifting towards nuclear energy to reduce their carbon footprint. However, the industry is facing challenges due to the increasing competition from renewable energy sources. The industry is also facing regulatory challenges as the government is imposing strict regulations on nuclear energy. Overall, the Uranium industry is expected to grow in the coming years due to the increasing demand for nuclear energy.

Industry Innovations for NAICS Code 212290-01

Recent groundbreaking advancements and milestones in the Uranium industry, reflecting notable innovations that have reshaped its landscape.

  • Uranium One: The company has developed a new technology that reduces the cost of Uranium production by 50%. The technology uses a resin-based extraction process that is more efficient than the traditional extraction process.
  • Cameco Corporation: The company has developed a new method of mining Uranium that is more efficient and cost-effective. The method involves using high-pressure water jets to break up the rock and extract the Uranium.
  • Kazatomprom: The company has developed a new technology that allows for the production of high-purity Uranium. The technology involves using a centrifuge to separate the Uranium isotopes.
  • Terrapower: The company is developing a new type of nuclear reactor that uses depleted Uranium as fuel. The reactor is more efficient and produces less waste than traditional nuclear reactors.
  • Lightbridge Corporation: The company has developed a new type of nuclear fuel that is more efficient and produces less waste than traditional nuclear fuel. The fuel is made of a mixture of Uranium and zirconium.

NAICS Code 212290-01 - Uranium

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