Skip to content
December 23, 2012 / Jeb

Rebound In Uranium Miners in 2013?

There seems to be a perception that Japan and Germany which has cut back on nuclear following the Fukushima disaster could sell its surplus uranium into the market.  The Russia HEU program where nuclear missiles were converted to nuclear fuel is set to expire by the end of 2013.  This is about 24 million pounds of uranium supply that could be offset by Japan and Germany’s excess supply.

However, it is unlikely that the Japanese and Germans will exit nuclear for one reason…soaring electricity costs which are crippling their industries and GDP.

The Japanese have just bought 23 hydrogen re-combiners from Areva to update nuclear reactors with new safety features.  The fact that the Japanese are investing in nuclear shows that they are serious about turning reactors back on.  Japan is headed into an election in December where the opposition party who is pro nuclear is leading the polls.  Will this be the catalyst to spark a rebound in the spot uranium prices?

Click here to read full article…

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: