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Forecast of the demand and supply plan of China’s uranium resources till 2030

Chen, Shan, Xing, Wanli, Du, Xueming
International journal of green energy 2017 v.14 no.7 pp. 638-649
business enterprises, oils, renewable energy sources, supply balance, uranium, world markets, China, India
This paper’s purpose is to predict China’s uranium resources demand from 2016 to 2030 based on experimental modeling. In addition, we discuss the future supply structure of China’s uranium resources by analyzing the domestic and foreign supply capacity of China’s uranium resources. According the forecast results, Chinese uranium resource demand will reach 21385 tU in 2030 under a medium scenario. Due to the poor endowment of uranium resources, China’s domestic uranium production will increase slowly. It can be calculated that the total demand of uranium resources in China during 2016–2030 will be 216581 tU, the cumulative production of domestic production will be 37900 tU, the overseas production will be 41950 tU, and the international market purchases will be 130574 tU. Hence, the cumulative degree of dependence on foreign resources is approximately 80%. China’s foreign dependence on uranium will be greater than for oil, and the situation will become extremely serious. Therefore, we put forward several suggestions to ensure the supply of China’s uranium resources: (1) strengthening mineral exploration and increasing domestic production, (2) actively operating the “going out” strategy, (3) enhancing the enterprise competition ability, and (4) establishing uranium resource reserves. By these means, China could efficiently guarantee the domestic uranium resource security and respond to the competition of India’s uranium resources demand increased.