China stockpiled about 24000 tons of extra uranium purchased at the price of about $35 per pound. This was above the 6300 tons that China needed to run their current nuclear reactors. Total 2013 uranium imports into China reached $2.39 billion.
Canada, the world’s second largest natural uranium producer, commenced shipping natural uranium to China in 2012.
“In the future, the Athabasca Basin [in Saskatchewan, Canada] will be the biggest source of uranium for the whole world,” stated Uranium Guru Thomas Drolet in a recent interview with Financial Press.
China will have higher uranium demands in coming years as more nuclear reactors are completed.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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