China Panel Discussion Addresses Uranium Market Supply Gap
(firmenpresse) - DENVER, CO -- (Marketwired) -- 05/29/13 -- Nuclear industry participants gathered in Beijing, China, for the 9th Annual China Nuclear Energy Congress (CNEC) on May 15-16, which focused on China's nuclear power industry and culminated with a panel discussion moderated by Business Development Director Bahi Sivalingham, which provided insight into supply and demand concerns in today's global .
The panel discussed challenges of bringing new projects into production, including the effects of today's uranium market on exploration and development activities. Panelists included CNEC speakers Zhou Zhenxing, chairman of China General Nuclear Power Group and Chen Yuehi, vice general manager and vice director of China Uranium Corporation and China National Nuclear Corporation's Department of Geology & Mining, as well as James Dobchuk, president of Cameco Inc., who all agreed that market price may play a pivotal role in the future industry.
Sivalingham presented "Call on Mine Production" forecast, which estimates that 210 million pounds U3O8 will be needed by 2025 to fill a supply gap. Dobchuk expressed the view that the current does not support production that is needed for future uranium supply, and as such, some projects may be delayed or remain undeveloped. Chen agreed and highlighted the importance of an efficient market price to support uranium end users and a balanced uranium production environment. Meanwhile, Zhou said that today's market price is not a significant concern as he believes it is sufficient for new development. However, he also expects a market correction if one is needed to stimulate new production in the future.
Sivalingham asked panelists about new project financing concerns, which may create challenges in the uranium supply sector. Dobchuk said that today's market can make it difficult for some uranium developers to secure financing, especially junior companies. In contrast, both Chinese participants said that the current market would not inhibit financing of new for China, domestically or abroad.
Less than two years after the Fukushima crisis in Japan, China restarted its nuclear build program in November 2012, and today has 30 reactors under construction, which represents about 40 percent of global nuclear power construction. The country's ambitious nuclear build program will require significant uranium resources to fuel new plants over the next 60 years. To fill this demand, China maintains a strategic position to invest in the development of domestic and overseas uranium resources.
, and its predecessor companies -- NUEXCO Information Services, CONCORD Information Services, and CONCORD Trading Company -- has supported the uranium and nuclear fuel cycle industry for more than 40 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, participates in the buying and selling of uranium products and services, and maintains an extensive information database on these industries.
TradeTech publishes the , which reports the weekly uranium spot market price, uranium trading activity, industry news, and market data. The monthly edition of the NMR, published on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Price Indicators, as well as price analysis, supply/demand data, and industry news. TradeTech also publishes , a monthly trade publication dedicated to the international nuclear power industry, and a quarterly , which provides timely analysis of the global uranium production industry, including spot- and long-term uranium price forecasts.
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Datum: 30.05.2013 - 01:31 Uhr
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News-ID 264655
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