China's Uranium Demand

China is looking to the future, and in their future lies many new nuclear plants and huge imports of U3O8. China is on track to build two new nuclear reactors every year for the next 14 years. By 2010 its demand for uranium will more than triple from 3 million pounds a year to over 10 million pounds a year. By 2020 China looks to import 5.5 billion pounds of uranium per year just from Australia. At the same time China will be importing roughly 16.5 million pounds of uranium a year. Uranium stocks might be the best long term buy out there right now. That is just China, but many, many nations are partaking in similar activities, just on a slightly small scale.