Brazil plans to start exporting uranium to China, Korea and France

8 February 2011

Sao Paulo, Brazil, 8 Feb – Brazil is negotiating to export uranium to supply nuclear power plants in China, South Korea and France, Brazilian newspaper, Estado de São Paulo reported.

The paper said that negotiations with potential buyers for the enriched uranium produced in Brazil had begun during the term of office of Brazil’s former president Luiz Inácio Lula da Silva and that no agreement had been reached thus far.

Also according to the newspaper, officials travelled to Europe and Asia in an attempt to find a buyer for the uranium, and that potential buyers included the 30 nuclear power plants under construction in China as well as those that already negotiate with French multinational company Areva, the world’s largest producer of uranium.

The decision to start selling uranium processed in Brazil overseas was taken after reading the recommendations of a study carried out by the Secretariat for Strategic Affairs of the Presidency in partnership with the Institute of Applied Economics Research. (macauhub)