Friday, November 13, 2015

China's nuclear buildout the biggest catalyst for uranium


China’s ambitions to diversify its energy portfolio, in order to reduce its reliance on heavily polluting coal and keep pace with growth, has generated a significant advance towards nuclear energy in recent years. Just this month, two sensational nuclear deals were signed into agreement between Chinese SOE’s and Western government and enterprise.


In March of this year, China resumed approvals for the building of new nuclear reactors, the first approvals for new reactors since Fukushima. From 2011 to 2015, the State Council and other bodies revised and enhanced safety plans, strengthened regulatory policies, and developed improved strategies for the long term growth and development of nuclear power.

At a time when the central government is confronted with the costly consequences of air pollution (citizen discontent and pressures on the burgeoning health care system), Beijing has the need and the capital to wager on the development of its nuclear energy industry.

China, India, Russia, and other developing countries will be the main drivers of uranium demand in the future. The question will be where will all the uranium come from. 

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