uranium may have hyper price run, page-12

Well now, we all carry a great weight of ignorance, but it would seem that some share a greater load than others.

Bearish on Uranium indeed, here's what Trade Tech are currently saying about China alone. Then there's the report of a recent jump in spot sales.

Apart from China's 28 new reactors during the next ten years, the Obama government have set aside an additional US$6b just in loan guarantees for new reactors. It goes on, India, the Middle East, and Russia have expansion plans, quite apart from those of France who make a bundle out of exporting power. In truth there's quiet revolution taking place within the nuclear business.

Nevertheless it won't hit the fan in Australia until one can read it as a headline in some august publication.




China to Build 28 Reactors By 2020
China has reportedly approved the construction of 28 new commercial reactors under a revised target for 2020 to meet growing demand for clean energy and accelerate development within the nuclear industry.

Each of the 1,000 MWe reactors will cost as much as 14 billion yuan (US$2.1 billion), Mu Zhanying, general manager of the state-run China Nuclear Engineering Group, told Bloomberg this week.

Construction of 20 of the 28 reactors has already begun, Sun Youqi, vice president of China National Nuclear Corp. (CNNC), said at an industry exhibition in Beijing today. It is expected to take just over four years to build one reactor, according to Mu.

Presently, the countrys installed nuclear generation capacity totals about 9,000 MWe. Details of the governments revised plan will be announced this year, according to CNNC.


From the above, and using the simplest of logic, one might deduce China alone is going to add to its existing nuclear power capacity by a factor of three within the next ten years.

That is, present capacity of 9000Mwe, to 37000Mwe