Australia's Uranium Sector to Benefit from Japan's Reactor Restart

Mining Weekly reported that The Minerals Council of Australia believes the reactor restart in Japan will mean good things for the Australian uranium sector.
As quoted in the market news:

The Kyushu Electric Power company this week reactivated one of the reactors at the Sendai nuclear power plant, on the southern island of Kuyshu, and it was expected that the plant’s second reactor would be restarted in October. MCA executive director for uranium Daniel Zavattiero said the restart of the Japanese reactor was good news for the Australian uranium sector.
“Japan has been a long-standing market for Australian uranium exports, providing around one-third of [that country’s] total uranium supply, valued at around A$250-million. “The restart of the nuclear reactor is timely given the debate surrounding the release of the [Australian] Coalition’s emission reductions targets and the South Australian Royal Commission into the nuclear fuel cycle.”
Zavattiero said the MCA was convinced that nuclear energy would play an important role in global electricity generation, given that it had the capacity to provide reliable baseload power and is virtually emission-free.

Click here to read the full Mining Weekly report.