The Hottest Commodity in China Is Yellow... But It Isn’t Gold

By Marin Katusa, Casey’s Energy Report

The last time something this big happened in the nuclear energy market, the price of uranium jumped by nearly 200%.

In the latest attempt to ensure that its economy doesn’t go hungry, China is buying unprecedented amounts of uranium and booking a seat on the bus to economic superstardom.

It’s reported that China might be purchasing up to 5,000 metric tonnes of uranium this year – that’s more than twice than what it needs. But take into account that there will be at least 60 nuclear reactors in the country by 2020, and China’s stockpiling seems to make more sense.

Not far behind is India, the other ascending star. Under pressure to cut pollution, yet ensure that there’s enough supply for their economies to continue at a breakneck pace, both China and India are spearheading the biggest expansion the nuclear industry has seen since the oil crisis in the 1970s.

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