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Mining.com reported that according to Chinese authorities, recent studies show the country’s uranium reserves are over 2 million tonnes, meaning its deposits have doubled in the last 15 years to more than 350 across the nation.
Mining.com reported that according to Chinese authorities, recent studies show the country’s uranium reserves are over 2 million tonnes, meaning its deposits have doubled in the last 15 years to more than 350 across the nation.
As quoted in the market news:
The news come as China continues to expand its nuclear program, officially resuming construction of new plants after a 15-months hiatus, beginning with the fifth unit at the Hongyanhe nuclear plant in Liaoning.
With the move, Beijing intends to become self-sufficient not just in nuclear power plant capacity, but also in the production of fuel for those plants.
Domestic uranium mining currently supplies less than a quarter of China’s nuclear fuel needs, according to data from The World Nuclear Association. Exploration and plans for new mines have increased significantly since 2000, and state-owned firms are also acquiring uranium resources internationally.