Uranium spot price, page-1103

I've read commentary around it but it is hard to find difinitive numbers.

As far as I can tell though if China build their planned reactors then their consumption (burnt) demand should be 50,000,000 lbs per year.

Now that's a long way off the 200# demand. But they have stated they want to keep 5 to 7 years in strategic reserves. They currently consume about 20mlbs.

If they buy up their stock pile amounts then this is where you get up to larger annual purchases. Couple that with the "proposed" reactor build out and again much higher.

Having said that I should of been more clear or less miss leading depending on your view and said "China COULD consume up to 200 m lbs per year by 2030/2035 depending on planned/proposed construction and their requirements for strategic reserves"

Ar first glance it seems fanciful but in the past I've looked at the numbers (back of the envelope) and it's not out of the realms of possibility. Anyway, I'll try and do up some proper calcs.