Markets

Energy Metals Ships To China First Uranium Concentrate

Energy Metals, one of only five companies allowed to export uranium oxide concentrates from Australia, has shipped its very first uranium concentrate to China.

The shipment, expected to arrive in China by mid-October 2012, is bound for use of nuclear power operator China Guangdong Nuclear Power Holding Co., Ltd. ( CGNPC ).

China plans to build as many as 100 nuclear reactors over till 2030. It currently has 14 nuclear reactors with an operating capacity to produce 11.8 gigawatts of power or electricity. The country plans to increase to 40 gigawatts its nuclear-power generating capacity by 2015.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities