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 […]

Click here to view original web page at smallcaps.com.au

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.