Paladin boss tips uranium industry to bounce back

The Australian reports with the recent Japanese nuclear crisis keeping investors on the edge as well as adding fear, John Borshoff, Paladin’s (ASX:PDN) CEO assures the uranium sector will bounce back.

The market news is quoted as saying:

“Clarity needs to be established. On the one hand, the Japanese are being embraced by the world for dealing with the earthquake, but on the other they are also being isolated, with ignorance and fear that is exhibited by many,” Mr Borshoff said.

His comments came as Australian-listed uranium stocks took another sharp turn downwards yesterday, following Wednesday’s bounce, after China halted approvals for new nuclear power plants pending changes to safety standards.

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