China Ban on Australian Coal Stressing Nuclear Plant

CBC: Chinese nuclear plant 'performance issue' reported by its French joint operator

The French joint operator of a Chinese nuclear plant near Hong Kong says the plant is dealing with a "performance issue" but is currently operating within safety limits, following a report of a potential radioactive leak.

The Taishan Nuclear Power Plant is jointly owned by China Guangdong Nuclear Power Group and French multinational electric utility Électricité de France, the main owner of Framatome, which helps operate the plant.

China's ban on Australian coal hit its coal plants, plus summer weather has reduced hydropower in the region. Everyone should be paying close attention here. This is what the future will look like all over the globe if politicians continue making political decisions in place of economic decisions when it comes to energy. The news clobbered uranium stocks across the board.