Uranium traders have been stunned by a sudden Chinese effort to corner the supplies in an effort to fuel the world's most ambitious nuclear program.

The once moribund market now suddenly sees buyers everywhere as the Chinese ramp up their purchases to 5,000 tonnes this year, double their current consumption.

The emerging nation plans to build ten new plants a year for the next decade, boosting their electricity supply up from 9.5 to a massive 85 gigawatts.

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