Huge Chinese Demand to Drive Uranium Export Boom

World Market Pulse submits:

China, the world's second largest economy, is bracing itself for a huge import of uranium in order to fulfill a part of its ever increasing energy requirements as the country plans to add to its current capacity of 11Gigawatts (at the end of last year) to reach a target of 70 Gigawatts of nuclear capacity by the year 2020. Although officials with China's leading nuclear companies have expressed confidence that the country's domestic stocks of uranium are good enough to fuel its burgeoning fleet of reactors for decades to come, independent analysts and nuclear experts feel that China would definitely need to import uranium and a good chunk at that in order to satisfy the country's ever growing energy needs.

Meanwhile, a recent Thomson Reuters report quoted Cao Shudong, director of planning and development at China National Nuclear Corp (CNNC), as admittin

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