The Asian country has allocated 37% of global investment to energy. Currently, there are more than 50 new projects underway.
China wants to become the main driver of nuclear energy worldwide.
While the nuclear energy It is viewed with caution around the world due to its dangers, China does not stop implementing new plants. Currently there 57 projects underway only in that country, when in the world there are about 436 plants active. With a 13% increase of the nuclear infrastructure of the world, China will use the 37% of all global energy investment.
According to United States Energy Information Administration (US)the country reached 7,600 terawatt hours in 2020 and the government of Xi Jinping looks for any opportunity to reach sources of supply lowest possible cost.
In this way, its energy plan not only involves nuclear energy, but is also mixed with decarbonizationwhich represented a third of all energy sources of the country, while nuclear was only 5%; and with an investment of US$546 million in clean energy for this year.
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The importance of uranium
For 2025China waits double production of its capacity solar and wind, and create a nuclear network that relegates coal to a tertiary role. Although the project is still far from being realized, the plan is turning the Uranium -the main fuel of the Nuclear reactors– in a key raw material for the power to work properly.
Currently, one pound of uranium is exchanged for $62its maximum level in more than 12 yearsafter revaluating a 34.36% so far in 2023. According to the World Nuclear Associationthis increase will be sustained in the coming 20 yearsand will multiply until 130,000 tonscompared to the current 65,650.
One of the major producers of this material is Kazakhstan, whose greatest income is placed on uranium. In 2022, the country produced more than 21,200 tonsbeing by far the second largest producer, with a 43% of world extractions.
Source: Ambito
