China to supercharge uranium race with 150 new nuclear reactors

China to supercharge uranium race with 150 new nuclear reactors

China plans to build at least 150 new reactors over the next 15 years, this is more than the rest of the world has built in the past 35 years. It is the news that the uranium players have been waiting for: a potential new, huge surge in demand that will reward mining companies ready to go into production.

China has reported overnight to be planning 150 new nuclear reactors over the next 15 years — more than have been built around the world since 1980 — a signal that uranium production needs to be stepped up, fast and soon.

In a lucky coincidence, Paladin Energy (ASX: PDN) announced Wednesday that it is making progress on restarting its Langer Heinrich uranium mine in Namibia.

And earlier this week, advanced uranium explorer Boss Energy (ASX: BOE) announced it is to begin a new drilling program at its flagship Honeymoon uranium project in South […]

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