Uranium imports in marked decline

0 Comment(s)Print E-mail China Daily, August 3, 2011
Adjust font size:

Imports of uranium slowed during the first half of this year, amid industry uncertainty caused by Japan's Fukushima nuclear crisis.

China imported 5,356 tons of uranium in the first six months of 2011, a 13 percent year-on-year drop, according to figures released by the General Administration of Customs.

In the corresponding period last year, China imported 6,065 tons of the nuclear fuel, 2.5 times the amount for the previous year.

In 2010, China tripled its uranium imports from 2009 levels to 17,136 tons.

The slowdown suggests that uranium importers, including China National Nuclear Corp and China Guangdong Nuclear Power Group (CGNPG), are still uncertain about the industry's prospects before the central government issues the revised nuclear development plan, Xu Ying, industry analyst at Donghai Securities, said.

China suspended approvals for new nuclear projects following the Fukushima accident in March and launched a six-month long national nuclear facility safety check in April.

The government will resume project approvals after a nuclear power safety plan is released.

Another reason for the slowdown may be that uranium suppliers are unwilling to sell at lower prices, Xiao Xinjian, industry expert at the Energy Research Institute of the National Development and Reform Commission, said.

In 2007, the spot price for uranium reached a record high of $136 a pound. In February of this year it was at $70 a pound but plunged to $49 in March following the Fukushima accident.

It stood at $51.75 a pound at the end of July.

"The uranium price is recovering slowly after the nuclear crisis, indicating that China, one of the most important buyers, is not buying much at this low point," Xu said.

Increasing demand for new nuclear power reactors, especially from China, the United States, Russia, Ukraine and India, will see the uranium market rebound, according to Australia-based Resource Capital Research.

According to the International Energy Agency (IEA), China's uranium consumption will reach 4,402 tons in 2011 while its production capacity stood at 827 tons in 2010.

China has 14 nuclear reactors in operation, 26 under construction and 52 in the planning stage as of July, according to the IEA.

China will put two reactors into operation this year, the energy institute's Xiao said.

Last month, a Sichuan-based private company - Hanlong Mining Investment - made a $145 million bid for Australia's Bannerman Resources which has uranium projects in Namibia, indicating that China's appetite for the resource has not been diminished by the Japan crisis.

This came two months after State-owned CGNPG was forced to withdraw an offer for UK-listed Kalahari Minerals after UK regulators blocked it from cutting its bid following the Fukushima disaster.

The uranium subsidiary of CGNPG said in May that it is developing two large mines in Guangdong province and the Xinjiang Uygur autonomous region, which will bring an additional 1,000 tons annual production capacity to the country by 2013.

China will account for 20 percent of the world's uranium demand by 2020, Resource Capital Research said.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 波多野结衣mxgs-968| 色综合久久中文字幕网| 在线看亚洲十八禁网站| 中文字幕ヘンリー冢本全集| 日韩大片在线永久免费观看网站| 亚洲国色天香视频| 热re99久久精品国99热| 内射中出无码护士在线| 美女隐私免费视频看| 国产亚洲精品aaaaaaa片| 国产精品白丝在线观看有码| 国产精品国产三级在线专区| 91精品欧美产品免费观看| 天天爽夜夜爽夜夜爽精品视频| 三级在线看中文字幕完整版| 新梅瓶1一5集在线观看| 久久久久亚洲精品男人的天堂 | 亚洲精品成人av在线| 男女混合的群应该取什么名字 | 精品日本一区二区三区在线观看| 国产一区二区在线观看麻豆| 韩国精品福利vip5号房| 国产成人免费A在线视频| 欧美黑人bbbbbbbbb| 国产男女猛烈无遮挡免费视频 | 动漫乱理伦片在线观看| 综合五月天婷婷丁香| 四虎影院永久网址| 色吊丝免费观看网站| 国产三级精品三级在线观看| 豆奶视频官网下载观看| 国产交换配乱吟播放免费| 韩国理论片久久电影网| 国产另类ts人妖一区二区| 风流老熟女一区二区三区| 国产国语一级毛片全部| 香蕉成人伊视频在线观看| 国产在线观看麻豆91精品免费| 黄色网址免费观看| 国产日韩一区二区三区| 狠狠色欧美亚洲综合色黑a|