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China Forced to Scramble for Uranium Supply on Plant Cancellation
Jul. 18, 2013 04:33AM PST
Energy InvestingReuters reported that the cancellation of a $6.5 billion uranium processing project has left China scrambling to secure supplies for its nuclear reactor building program.
Reuters reported that the cancellation of a $6.5 billion uranium processing project has left China scrambling to secure supplies for its nuclear reactor building program.
As quoted in the market report:
China has been buying stakes in uranium mines in Asia and Africa, but without the capacity to enrich and process the ore it will still be dependent on foreign firms to turn it into useable fuel.