Alpha World

China Is Hunting For Uranium Assets

May 28, 2015 2:48 PM ET  |  2 comments  |  Includes: CCJ, RIO, URA

Disclosure: The author is long CCJ, RIO. (More...)

Summary

• China’s nuclear power giant, CNNC is looking to acquire uranium assets in Canada, Australia and Kazakhstan.
• CNNC is also listing its subsidiary, raising more than $2 billion from the IPO.
• CNNC is rushing to acquire uranium assets as prices still remain 50% below the levels they traded before the nuclear accident in Japan four years ago.

http://seekingalpha.com/article/3219396-china-is-hunting-for-uranium-assets