Areport produced in conjunction and with the co-operation of the ChineseGovernment was suppressed because of concerns that it could spark“social unrest”.
The report said that 750,000 people each year were dying from airpollution and with this many deaths, surely it must be pushing Chinamore towards nuclear energy?
The report found that over several years, about 750,000 people weredying from air pollution as the air in China becomes think with thepollution caused by their economic boom.
However it is more accurate to say that the pollution is caused bythe burning of fossil fuels, in particular, coal, which is the dirtiestfossil fuel and the one China relies on the most. The burning of coalis used to fuel their economic growth but coal is not the only fuel inthe world.
China could dramatically reduce these deaths by building a lot morenuclear power stations, which do not pollute the air and are free ofcarbon dioxide emissions and emissions of sulphur dioxide, anotherharmful chemical.
This is why we believe that China is going to build way more plantsthan they have announced. They have already announced that they aregoing to double their number of nuclear plants, building around twentymore nuclear power stations. However we think China is going to buildhundreds of nuclear plants, depending on size, in the coming years.
However China is becoming the biggest power of the twenty firstcentury because it’s smart, and it is being smart about buildingnuclear plants. We think it will secure the supply of uranium first,before announcing and building the hundreds of nuclear plants it needs.That way, China will not be left with a fleet of nuclear power plantswithout fuel, ultimately being left in the dark or be in the positionto be “blackmailed” by uranium suppliers.
China’s future building of hundreds of nuclear power plants only increases demand for [1] uranium and so will push up uranium prices and the value of [2] uranium stocks.