Hot Commodities: Uranium to beat Gold in China?

Commodity Online reports the hottest commodity in China currently is uranium.

China has been trying to amass gold reserves to emerge as the largest yellow metal owning country in the world. But China’s craze for commodity investment does not just stop by gold alone. Uranium is one commodity that the dragon country is heavily investing in these days.

According to Thomas Neff of the Massachusetts Institute of Technology, China will double the amount of uranium it stockpiles this year, to 5,000 metric tons.

He said China is stepping up investments in uranium as part of its push to develop nuclear power on a massive scale, and state-owned companies have already been scouting uranium investments abroad.

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