China to Become World Nuclear Energy Super Power

By Martin Armstrong – ArmstronEconomics

China has discovered a massive 1-million-ton thorium deposit valued at $178 billion that could potentially power the nation for the next 60,000 years. Thorium is a radioactive metal found in the Earth’s crust that is three times as common as uranium. One ton of thorium can produce as much energy as 200 tons of uranium or 3.5 million tons of coal.

“For generations, nations have fought wars over oil and gas—yet we’ve had a clean energy solution beneath our feet all along,” one Chinese scientist commented. Thorium is praised as a less toxic alternative as the radioactive waste it produces loses its toxicity within a few hundred years, compared to uranium-235, which could take thousands of years to neutralize. Reactors powered by thorium do not produce greenhouse gases. Thorium could be converted to nuclear fuel that can power molten salt reactors, heavy water reactors, high-temperature gas-cooled reactors, and more.