The rest of the world is going to buy up all the uranium to use in their nukes before we start building nuke plants. When we finally do get around to building the nukes, we'll have to pay a premium to the fuel because they will own all the uranium.
Uranium is not a deficit on World Market. And will not for long time.
By that time it will be fusion - and we won't have to overpay for the water. Besides, given the general inefficiency of the Chinese use of fossil fuels, it is one of the better things which could happen.