nuclear-news

Uranium market in doubt with China’s new nuclear fuel technology

BMO Capital Markets analyst Edward Sterck suggested the technology could reduce future uranium demand and potentially weigh on prices

Uranium Spot Market Quiet as China Hints at Revolutionary Advancements | Uranium Investing News, 4 Jan 2011, The first decade of the millennium ended with uranium spot market prices remaining unchanged for a third week after trading in the spot market slowed…..

Potential Chinese Technological Innovation

China claims it has developed technology to reprocess spent nuclear fuel after working on this process for more than two decades. If these claims prove to be accurate, it could expose a potential negative implication for uranium demand, because China will be able to extract more energy from a given amount of uranium than it previously could.  Investors may take some cautionary note of the release as the country has demonstrated strategic business acumen in other resource market positioning and foreign currency exchange rate policies.

The new technology involves reusing irradiated nuclear fuel and was reportedly developed at facility No 404 operated by the state-controlled China National Nuclear Corp (CNNC). According to the report the breakthrough could extend the expected life cycle of China’s uranium resources to 3,000 years from what had earlier been regarded as a 50 to 70 year supply…………

BMO Capital Markets analyst Edward Sterck suggested the technology could reduce future uranium demand and potentially weigh on prices

January 6, 2011 - Posted by Christina Macpherson | business and costs, China, Uranium