Articles Tagged "Japan"

Japan’s Sendai Reactors Receive Final Approval for Restart

Japan's Nuclear Regulation Authority has approved the operational safety plans for the Sendai nuclear power station's two reactors. Sendai is owned by Kyushu Electric Power, and the company plans to load fuel into one reactor during the first half of June, and following final safety inspections, expects to restart it in mid-July.

Japanese Court Approves the Restart of Sendai Nuclear Reactor

Reuters reported that a Japanese court has rejected a legal bid to block the reopening of the Sendai nuclear station, bringing Prime Minister Shinzo Abe one step closer in his bid to bring nuclear reactors back online for the first time since Fukushima in 2011.

Japanese Court Blocks Reactor Restarts on Safety Concerns

The uranium market was dealt a heavy hit this week when a Japanese court issued an injunction to block the restart of two reactors at Kansai Electric Power Company's Takahama nuclear power plant. Reactor restarts are a key psychological catalyst for the uranium market, and the news is expected to have a negative impact on the space.

Uranium Price Holding Ground as Market Moves to Q2

The uranium spot price has seen an 11.3-percent rise in 2015, but is currently holding steady at $39.50 per pound of U3O8. While that might sound a little disheartening, Raymond James analyst David Sadowski pointed out in a recent note that the spot market saw some healthy activity in March, with total volume amounting to 6.9 million pounds U3O8e done across 32 deals.

Japan Plans to Scrap First Nuclear Reactors Since Fukushima

Reuters reported Tuesday that two Japanese power companies plan to scrap three older nuclear reactors, which will be the first batch to officially close after the Fukushima nuclear disaster in 2011. Local media said two other are likely to be closed we well, with announcements expected later on this week.