China will take the nuclear option

A lack of alternative, viable energy sources means China will continue its nuclear programme, argue Apac Resources' Andrew Ferguson and UBS's Peter Hickson.
Peter Hickson, global basic materials strategist at UBS
Peter Hickson, global basic materials strategist at UBS

The future is bright, and it will be electrified by nuclear power. China's ambition for sustained high economic growth without further ecological and environmental degradation, means that the country will continue to have faith in uranium as an energy source.

Simply, China has no option but the nuclear one, according to Andrew Ferguson, chief executive of commodities investment and trading firm Apac Resources.

Ferguson joined Peter Hickson, global basic materials strategist at UBS, on a panel chaired by Patrick Loftus-Hills, head of UBS’s Asian industrial group, at the Swiss bank’s annual Apac Journalist Forum in Hong Kong yesterday.

Both men were...

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