Fueling the Future: Uranium market activity for the week of Aug. 19

Bloomberg reported on Tuesday that China has approved 11 nuclear reactors across five sites valued at US$31 billion.

The country’s State Council approved the new reactors across regions such as Jiangsu, Shandong, Guangdong, Zhejiang and Guangxi. It is estimated that construction will take roughly five years.

China has approved over 10 new reactors in each of the past two years and currently has more nuclear reactors under construction than any other country.

Canadian professional services and project management company AtkinsRéalis (TSX: ATRL) recently signed a deal with Third Qinshan Nuclear Power Company Ltd. to support the ongoing 30-year life extension of the two CANDU reactors at the Qinshan Nuclear Generating Station in China. Invest in uranium stocks Uranium spot price update As of the time of this writing on Wednesday, the uranium spot price sits at US$80,30, according to Business Insider , which is down from $81.50 from last week. Uranium companies […]

Click here to view original web page at stockhouse.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.