Fueling the Future: Mongolian Uranium and Nuclear Power Plant Growth in China and India
Increased nuclear electricity generation in China and India presents uranium suppliers such as Mongolia with an opportunity to develop its uranium and nuclear industries. This paper discusses the Mongolian potential for interaction with China and India, given the strategic, organizational and future developments in each respective nuclear sector. The paper focuses on front-end developments where government-level agreements are likely to dominate the uranium mining and supply negotiations. Established players, such as France and Russia, are poised to secure fuel resources from around the world, but most of the demand for uranium will come from China and India. Therefore, this paper focuses on China's and India's needs and how this is connected to Mongolia's growth in these markets.