[dotancohen]

Local scarcity, not necessarily global scarcity. Especially during times of conflict. China has no uranium, so this may make sense for them.

Also, currently all transport channels for uranium are oil dependent, which is becoming a scarce resource in the relevant timeline - decades.

[lazide]

China has massive Uranium reserves [https://www.nucnet.org/news/chinese-state-media-announces-di...].