What is China’s role in the uranium market

Investing.com -- China's growing demand for uranium is shaping the global market as the country intensifies its reliance on nuclear energy and potentially expands its nuclear arsenal, according to Citi analysts.

As of 2024, China's utilities require 14.6 kt U , or 22% of global uranium demand, a figure expected to rise to 24.6 kt U , or 28% of global demand by 2030.requirements by utilities would increase every single year as the country is actively building its nuclear fleet," adds Citi."The base case assumes cumulative uranium demand by China of 250 kt U between now and 2035."

Citi explains that China's current uranium stockpiles stand at approximately 173 kt U , built largely through imports from Central Asia and Africa.

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