China's Dependency on Overseas Uranium Supply to Grow

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Description: China's Dependency on Overseas Uranium Supply to Grow Summary The increasing demand for power paved way to develop new nuclear power plants in China. The total demand for power in the country is expected to grow from the present 600 GW to 900 GW in 2020. As compared to the world electricity growth rate of 2.3%, China’s power growth rate of 4.3% is far higher. Currently, thermal power contributes to the majority (78%) of demand for power in China. To reduce its dependency on coal based plants, the country is expanding its nuclear base. The country is planning to expand its capacity to 50 GW by 2020. As per EIA, China’s total installed power capacity is expected to grow to 840 GW in 2010 and reach 1,340 GW in 2020 making it the largest power producer in the world. While this will add up to an additional installed nuclear capacity of 7,600 MW once they start functioning, it would also place an additional demand for uranium. Though the country has been planning new uranium mining projects in order to meet the uranium demand for the upcoming nuclear reactors, overseas supply of uranium would continue to be the key source for fuelling domestic reactors. Scope GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world. Reasons to buy Develop business strategies with the help of specific insights from GlobalData on the key events happening in the nuclear energy industry. Gain a strong understanding of the nuclear energy market and analyze the major trends in the global nuclear energy industry today Identify opportunities and challenges with the help of our analysis of the latest news and deals in the nuclear energy industry Increase future revenue and profitability with the help of information on lates
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GlobalData is an industry analysis specialist, providing business information products and services. GlobalData’s highly qualified team of analysts, researchers, and solution consultants use proprietary data sources, tools and techniques to gather, analyze and represent the latest and the most reliable information essential for a business to sustain a competitive edge. GlobalData is a UK-based company with presence across North America, Europe and Asia Pacific and has a broad product offering that ranges from interactive databases, reports and custom solutions. It is a comprehensive source of insights and analysis with coverage across the oil & gas, power, alternative energy, nuclear power, petrochemicals, medical equipment and healthcare industries. GlobalData has a broad range of coverage over key market segments. It has a global scope, covering a wide range of countries constituting more than 90% of global revenues in each of the industries it covers. With a large dedicated research and analysis capability, GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research materials. Its status as an independent research company allows Analysts to conduct trade interviews with key industry players. Access to unique databases of in-house market information further strengthens research and analysis capabilities. Materials are reviewed shaped by an expert panel of leading industry figures and representatives from key players in the relevant industries. Sectors and Geographies Covered GlobalData has a broad range of coverage over key market segments. It has a global scope, covering a wide range of countries constituting more than 90% of global revenues in each of the industries it covers. Research Methodology With a large dedicated research and analysis capability, GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research materials. Its status as an independent research company allows Analysts to conduct trade interviews with key industry players. Access to unique databases of in-house market information further strengthens research and analysis capabilities. Materials are reviewed shaped by an expert panel of leading industry figures and representatives from key players in the relevant industries.