Nuclear reactor graphite is being sold for more than £2 million an hour at auction for an unprecedented price, according to a report.
The graphite used in nuclear reactors is considered a waste product and is a common material used in the construction of nuclear power plants.
But the graphitic nuclear reactor graphites were originally mined in the 1950s and 1960s by the US mining company Ambre Energy.
The company bought up the mining rights from the Russian government and began selling graphite in 2000 for more money.
It is believed that between 2009 and 2011, the company sold almost 500 tonnes of graphite and another 730 tonnes of coal.
It has been selling the graphites for over £2.7 million an average price.
The buyer of the graphitite is a Chinese company called CNPC Group.
The new price for graphite for the sale is more than double the price that Ambre paid for the mine and the coal, according the report by the UK’s National Institute of Economic and Social Research.
According to the report, it is thought that the average price paid by CNPC for graphites is around £2m per tonne.
The UK Government has said that the graphiitite that has been mined in Britain for the last decade is being recycled, and that there are currently no plans to export the material.
But it has been criticised for not taking any steps to ensure that the imported graphite does not end up in the wrong hands.
The price for coal, the cheapest source of nuclear fuel, is set at £3,800 an hour, but the graphical nuclear reactor fuel used in most nuclear reactors today is sold for £6,000 an hour.
A report by NIESR found that graphite was being sold at a premium for its value and that the UK was in danger of becoming a “paper mill” for graphitites, as mining companies try to keep up with demand.
The report said that graphitic uranium is a more expensive material and more labour-intensive to produce.
But there was a growing trend towards the graphisitic nuclear reactors being built as the UK has more than doubled the number of reactors in its nuclear fleet.
The Government is currently reviewing the design of nuclear reactors to minimise the risk of nuclear explosions.
But this has been largely driven by the rise in the number and use of cheap carbon-free electricity and the increased reliance on renewable sources of energy.
The NIESF said that there is an increasing demand for graphitic graphite to build nuclear reactors and that it is estimated that around half of the world’s graphite will be used for this purpose in the next decade.