China Will Soon Leapfrog Traditional Leaders in Nuclear Power
Monday, July 27, 2015 at 8:17PM
Uranium Stocks

Chart courtesy of u308.biz

China generates only about 2 percent of its total electricity using nuclear power, but it is adding new reactors much faster than any other country.

China is rapidly moving up the global nuclear power leaderboard. Since 2012, as the traditional leaders in nuclear energy production have remained stagnant or backed off of their reliance on nuclear in the wake of Fukushima, China has added 11 new reactors and over 11 gigawatts of nuclear generating capacity.

By the end of this year, China is expected to pass Russia and South Korea and boast the fourth-largest nuclear generating capacity in the world, behind the United States, France, and Japan. By 2020 it will likely replace Japan in third place.

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Uranium's time will come, maybe through the Japanese move back to nuclear energy.

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