More consolidation expected in uranium mining sector as demand soars

摘要

With use of the nuclear fuel spreading to Malaysia, Indonesia and Vietnam. Uranium demand will more than double by 2030. Demand is expected to climb to 160,000 tonnes by 2030, from 65, 000 tonnes this year China's uranium demand is expected to grow four to six times by 2020, as the country increases its annual installed nuclear power capacity to 40 mln kilowatts from nine mln at present. China now has nine operating one mln KW nuclear power generators, each consuming more than 30 tons of uranium every year. The Chinese government plans to set up a joint stock company to manage uranium imports. State-owned China National Nuclear Corp is currently the sole provider of the nuclear raw material.