China Searching for Uranium and Other Minerals in Africa

CNBC reported China is seeking uranium mines in Africa and South America as Canada and Australia become more expensive.

As quoted in the market news:

China Guangdong Nuclear Power Corp has gone after uranium in Africa, and firms are now seeking gold, nickel, tin and coking coal, too.

They used to prefer Australia and Canada for their political stability, but state-owned and private Chinese investors say assets in those countries are becoming too expensive.

Click here to read the full CNBC report.