Huge Growth in Chinese Uranium Demand by 2025

Chinese demand for uranium is set to explode.

Current demand stands 64,000 tonnes globally, and China’s demand is set to rise to 88,000–100,000 tonnes by 2025.

That is more than double the entire world’s current demand, in seven years.

The great uranium comeback: Discover how you could take advantage of the next big resource rush today. Download free report here.

China looking to invest in uranium

China is currently looking for a source for this massive amount of uranium.

As Reuters reports:

China National Nuclear Corp (CNNC) is looking to invest in overseas uranium mines to secure supply.

The deputy manager of China National Uranium Co Ltd, went on to say:

We are open to taking a minority stake in a partnership or to taking a whole company.

Chinese demand could help ASX uranium stocks

Currently, CNNC has a minority stake in a Namibian mine with ASX listed, Paladin Energy Ltd [ASX:PDN].

Paladin currently has a one year return of 261.7%.

We have also previously covered the recent share price success of Boss Resources Ltd [ASX:BOE], which is in the process of developing the Honeymoon mine in South Australia.

This massive demand could spell big returns on ASX listed uranium companies — especially considering Australia has 34% of the world’s uranium resources.

Luckily, we’ve got a free report on how to profit from the Chinese uranium demand explosion available right here.

Regards,

Lachlann Tierney,
For Money Morning


Lachlann Tierney is a writer for Money Morning and has been investing for nearly a decade. With an MSc from London School of Economics, he brings a sound understanding of global markets to his writing. Lachlann is interested in emerging technologies, energy solutions and helping people invest their money wisely.


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