RE: US Uranium Market Price8 Mar 2018 20:08
China is to commence building 8 new reactors this year alone. Comment below about India which still imports fuel so believe the global market for uranium will improve prices in 2018. I know, been said before but with so many reactors being built the fuel has to come from somewhere!
India operates 22 nuclear reactors, eight of which are fuelled by indigenous uranium. Fourteen reactors are under international safeguards and use imported uranium. Six units - four indigenously designed pressurised heavy water reactors, a fast breeder reactor and a Russian-designed pressurised water reactor - are currently under construction. Construction is planned to begin on 19 further units within the next few years, including ten indigenously designed PHWRs which are scheduled to start up by 2031. Agreements envisage the import of uranium up to 2020, Singh said.