In 2017, Nuclear power played a major role in generation of electricity around the world. Its importance is expected to grow, as demand for more clean energy is accelerating and emerging markets such as China and India are in need of stronger electrical infrastructure. A recent report by the World Nuclear Association indicates that Mainland China has 36 nuclear power reactors in operation, 21 under construction, and more about to start construction. The planned reactors will include some of the world most advanced, and are designed to give a doubling of nuclear capacity to at least 58 GWe by 2020-21, then up to 150 GWe by 2030, and much more by 2050.
The high growth of nuclear power in China is largely due to air pollution from coal-fired plants. Azincourt Uranium, Inc., Fission Uranium Corp., Ur-Energy Inc., Uranium Resources Inc. (URRE), Denison Mines Corporation. As for the United States, the World Nuclear Association indicates that the U.S. is the world largest producer of nuclear power, accounting for more than 30% of worldwide nuclear generation of electricity. Following a 30-year period in which a few new reactors were built, it is expected that four more new units will come online by 2021. As a result, the uranium market is once again in the spotlight. Nuclear reactors use enriched uranium as fuel.
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