Some articles from railfreight.com on what's going on
the integration of Russian far east with northern China is getting closer an closer. A lot of these projects should complete by 2030
As a whole, the integration between China and Russia is getting deeper. As I said, I wouldn't be surprised if trades bw two countries exceed $300 billion in a few years and the economic ties will be like Canada and USA.
Long term, that means permanent realignment of Russian economy from Europe to China. No future Russian administration can really change direction once that happens.
Things not working so well for COSCO in Greece
Again, Turkey is important for the rail from China to Europe
so alashankou is quite crucial. Aside from being a major part of China Euro railway, it's also where the future uranium warehouse is to be built. Remember, Kazakhstan is the world's largest Uranium producers.
We import the product from Kazakhstan through the border [at a place] named Alashankou in Xinjiang. In the past 20 years we have imported every pound of uranium from Kazakhstan through a transit point at Alashankou; Uzbekistan product also transits through Alashankou to China. Each year, around several thousand tons of uranium are imported through Alashankou.
Q: When will you launch an Alashankou price index?
A: It really depends on how much interest there is. We don't have a very strict deadline. Let's say if only one deal or two deals get done every month, that would not lend support to the launch of an index. But we would provide the best conditions, best rates for everything to attract companies to Alashankou.
We might obtain support from big Chinese buyers by asking them to only buy uranium from the warehouse. In this way we would attract interest to store and trade uranium at Alashankou.
So back to your question of when we plan to launch a Chinese uranium price index, I suppose maybe sometime between 2025 to 2030. It will take time. This is not something you can achieve by rushing. We will do it slowly.
Q: How can you get support from other Chinese nuclear players to only import through Alashankou?
A: We're working on this. We’re talking to other nuclear companies to do this together. We’re having very close discussions with them because it's beneficial for them as well.
They may own some commercial inventory, so by storing their inventory temporarily in this warehouse, they can save on the interest from delaying payment on the 13% VAT.