Japan’s Nuclear Woes Still a Key Factor in Uranium Market
Ongoing problems at the disaster-stricken Fukushima Daiichi nuclear power plant aren’t helping Japanese citizens' perceptions of nuclear power’s safety.
Ongoing problems at the disaster-stricken Fukushima Daiichi nuclear power plant aren’t helping Japanese citizens' perceptions of nuclear power’s safety.
Uranium spot prices may be stuck in a slump post-Fukushima, but the nuclear power industry is showing signs of recovery.
Nuclear energy expert Tom Drolet speaks with Andrew Topf, the INN's senior editor, about what the future holds for uranium and nuclear power.
Financial Post reported that Uranium business continues to struggle since the Fukushima nuclear facility crisis in March 2011. The spot price of Uranium has taken a dip to nearly US$40 per pound, from its US$135 per pound price in 2007.
In this post-Fukushima world, uranium investors need to remember a key fact about the U3O8 spot price: utilities are not responsible for the recent noteworthy decline to just over $40 per pound — the lowest weekly level since March 2010, a full year before Fukushima.
BHP Billiton and Cameco recently announced delays to large-scale uranium projects; the uranium market is likely to see a higher prices and a supply deficit as a result.
Continued lack of demand for short term delivery is continuing to place downward pressure on uranium spot market prices with TradeTech reporting a value of $50.25 per pound.
Japan recently ended two months without nuclear power when it restarted one of Kansai Electric's nuclear reactors. New energy-efficiency targets and more approvals are expected to follow, but can Japan avoid a creeping dependence on fossil fuels to meet its energy needs?
One year after the Fukushima incident, the World Energy Council has issued a report on the current status and the future of the nuclear industry.
The results will be of importance for investors and nuclear industry stakeholders as the United Kingdom generates approximately 15.7 percent of its total electricity from nuclear power and in October 2010 the government permitted the construction for up to 8 nuclear power stations to be built.
Get our independent commentary on uranium trends and companies delivered to your inbox.