Uranium shortage likely to end in 10 years – CNNC

Steel Guru reports China National Nuclear Corp says it will take at least 10 years  for China to start the large-scale industrial application which could be a solution to the uranium shortage.

The market news is quoted as saying:

CNNC the nation largest nuclear power developer plans to have nuclear power projects with 16,000 megawatts capacity in operation and projects with an additional 20,000 MW capacity under construction by the end of 2015. Meanwhile, it is also expanding into the wind-power sector and said it plans to build wind-power projects with a total capacity of 1000 MW over the next five years.

The company said in 2010 that it would invest CNY 800 billion in nuclear energy projects by 2020, in line with China efforts to accelerate the development of the industry.

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