Energy

Bloomberg reported that plans to build a $6 billion uranium processing facility in China have been cancelled after a public outcry.

Bloomberg reported that plans to build a $6 billion uranium processing facility in China have been cancelled after a public outcry.

As quoted in the market report:

The proposed Longwan Industrial Park project won’t be approved “in order to fully respect the opinion of the masses,” the Heshan government said in a statement on its website yesterday. A “social-stability risk assessment” of the proposal that was released for public awareness generated “much opposition,” it said.

To view the whole Bloomberg report, click here.

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