China scrambles to secure long-term uranium supplies for 84 nuclear plants

Thursday, March 10th 2011 - 06:34 UTC

Full article 3 comments

China’s scramble to secure long-term uranium supplies to support the rapid expansion of its nuclear power industry has led the state-owned CGNPC Uranium to make a 1.23 billion US dollars takeover bid for London-listed Kalahari Minerals. Read full article

Comments

Disclaimer & comment rules

Rufus
I'm sure that the west (oddly enough where most of the world's known uranium reservves are) wouldn't withold access to uranium to China for strategic reasons. Just as I'm sure that China wouldn't do something like impose a decreasing maximum export level for rare earth metals.

No, but wait...
Mar 10th, 2011 - 08:42 am - Link - Report abuse 0
-+
DennisA
But they are still building coal plants and will continue to do so, because they don't believe the global warming myth even though they pay lip service to get investment from the West. They also plan to build 45 new airports in the next five years.
Mar 10th, 2011 - 11:34 am - Link - Report abuse 0
-+
GeoffWard
Brasil (5.1%) has five times the uranium deposits that China (1.2%) has.

Australia (22.7%), Kazakhstan (14.9%), Russia (10.0%), Canadá (8.2%), South Africa (8.0%), USA (6.2%), Brasil (5.1%), Niger (5.0%), Namíbia (3.8%), Uzbekistan (2.0%), Índia (1.3%), China (1.2%).

I hope that Brasil has the sense to husband its uranium resources until it really needs this fuel source for itself.

In the meantime, watch China buy into and buy up all and every uranium reserve in the world that is not already sequestrated by a major word nation and its key companies.
Mar 10th, 2011 - 03:18 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!