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Updated: January 27, 2025 9:38 PM IST
By Abhijeet Sen | Edited by Abhijeet Sen
China hits jackpot: In a significant development for its growth requirements, the People’s Republic of China has announced that it has found deposit of uranium near Jingchuan in the Ordos Basin. The discovery is being seen as a major strategic strength for Chinese President Xi Jinping and will help China produce nuclear energy for clean energy. Here are all the details you need to know about China’s recent discovery of Uranium and how it can be a stepping stone in the China’s development story.
The finding of the Uranium Reserves in China will help secure a sufficient supply of uranium for China’s energy reserves. The China Geological Survey is collaborating with different departments and mining companies on these exploration projects.
Uranium reserves in China are primarily located in sandstone formations. These deposits can be found in regions such as the Ordos Basin, Yili, Junggar, Tarim, Tuha, Kadam, Erlian, and Songliao valleys. Additionally, there are ongoing initiatives to locate uranium deposits in various other parts of the country.
US President Donald Trump, affirmed hope of having a “very good relationship” with China under his administration, while also stressing the need to have a “level-playing field” regarding the trade situation.
Virtually addressing the World Economic Forum (WEF) in Davos, Trump said, “He (Xi Jinping) called me. But I see it very good. I think that we are going to have a very good relationship,” Trump said, noting that the US has been facing significant trade deficits with China, a situation he attributed to former President Biden’s policies.”
Calling the relationship “unfair”, Trump said the US doesn’t want to take any advantage but wants fairness. He also criticised the Biden administration for allowing the trade deficit to go “out of hand”.
(With inputs from agencies)
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