Huge Growth in Chinese Uranium Demand by 2025

By ,

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

About Lachlann Tierney

Lachlann Tierney is an Analyst for Money Morning and has been investing for nearly a decade. With a Masters of Science from the 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…

Lotus Resources [ASX:LOT] Shares Flat on Uranium Resource Increase

Uranium stock Lotus Resources [ASX:LOT] announced the inaugural mineral resource estimate for its Livingstonia uranium deposit of 6.9Mt at 320 ppm U3O8.

Paladin Energy Shares Frozen on $215m Raising for Mine Restart [ASX:PDN]

Paladin Energy Ltd [ASX:PDN] is seeking $215 million to restart its Langer Heinrich uranium mine in Namibia.

Paladin Share Price Up on Langer Heinrich Mine Update (ASX:PDN)

The Paladin Energy [ASX:PDN] share price are rising following fruitful developments in several of the uranium miner’s current projects.

Trader’s Corner — Time to Sell?

I’ll wait to see how things are looking at the end of this month. If we get a monthly sell pivot confirmed in the ASX 200 (a closing price below 7,415 at the end of September), I may take some more money off the table.

Argonaut Share Price Spike on Uranium IPO Plans (ASX:ARE)

Argonaut Resources [ASX:ARE] share price is currently up 14%. The Argonaut Resources has acquired prospective uranium exploration licenses in South Australia and the Northern Territory.

BOE Share Price Up as It Explores Novel Exploration Methods (ASX:BOE)

Junior uranium miner Boss Energy [ASX:BOE] is enjoying some market merriness today. The BOE Share Price is currently up 8.57% and climbing…