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« Louis James on the “Golden Runway” | Main | The future of nuclear energy »

Is uranium set to be the next big commodities story?

Price is languishing well below its peak, but demand for nuclear is growing

After the horrors of Three Mile Island, Chernobyl and more recently Fukishima, the nuclear sector finally seems to be within touching distance of a glorious renaissance. 

Its comeback has been aided by increasing concerns about climate change. Even dedicated greens such as Mark Lynas and George Monbiot admit that nuclear has a vital role to play in a post-fossil fuel, low-carbon energy mix. 

Momentum seemed to be building fastest in the emerging markets, with China very much taking the lead. 

As of January 2017, China still had 22 nuclear power reactors under construction, 40 planned for construction, and 136 under proposal, all alongside the 35 already in operation, according to the World Nuclear Association. 

China is currently spending $570bn (£454bn) targeting ten per cent of its electricity generation from nuclear, with plans to double capacity by 2020.

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