Uranium Rally Stalls on Japan Nuclear Delays

Bloomberg reported that uranium’s rally, after a poor performance in the last 3 years, has faltered on signs that Japan will keep only a handful of its reactors offline in 2013.

As quoted in the market news:

The atomic fuel has slipped 6.8 percent to $42.40 a pound since the Liberal Democratic Party won Dec. 16 elections, erasing most of the 12 percent gain in the six weeks before the vote.

Click here to read the full Bloomberg report.

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Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

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