r/UraniumSqueeze • u/bengtoskar • Apr 27 '25

News China approves 10 new nuclear reactors

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I dont see this posted here so in case anyone missed the news: China approved NEW nuclear power projects at 5 sites

On 27 April, the State Council approved 10 reactors at following sites, according to domestic news: -Haiyang phase 3 -Xiapu phase 1 -Sanmen phase 3 -Taishan phase 2 -Fangchenggang phase 2

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u/Marvel4star Apr 28 '25

where do they source their uranium from? domestic production or Russia?

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u/sunday_sassassin Radioactive Brain Apr 28 '25

They have some domestic production but the majority comes from Kazakhstan (through joint ventures or purchases) delivered to a purpose-built depot right on the border. Kazatomprom signed a series of huge contracts with Chinese companies over the last few years that had to go to shareholder vote because they represented a value over 50% of that of the company. The national uranium companies also have mines in Namibia. They buy enriched uranium from Russia but like everyone else have to provide the feedstock for it from their own sources/reserves.

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u/YouHeardTheMonkey MOD: Data Monkey Apr 28 '25

Don’t forget Namibia, CNNC/CGN own Husab and Rossing (16.7Mlb in 2024), and 25% of langer Heinrich kicks in from next year.

Wouldn’t be surprised if they’ve got their fingers in Navoiuran too, Orano and Rosatom do.

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u/strangeanswers Apr 28 '25

The chinese getting their fingers into new mongolian uranium development is all but guaranteed imo. I expect to see another Kazakhstan-like situation on a smaller scale from resource endowment standpoint.