Uranium resource competition heats up

Uranium Investing News & U308.biz report India and China agggressively planning their nuclear power generation goals for the future.

At present, China has 11 operating reactors, 16 in the works and 35 others planned over the next decade. The Asian nation is seeking to expand its nuclear capacity from the current 9 GW to 86 GW by 2020. To do this, it will need to rely on imports of foreign uranium as its domestic supply doesn’t even come close; hence, its aggressive campaign as of late to acquire uranium mines around the world.

India has 17 operating reactors, six under construction and an additional 23 expected to begin production over the next decade. By 2030, the country may be producing as much as 60,000 megawatts of nuclear energy, according to government figures.

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