Energy

Seeking Alpha reported Japan has reopened two nuclear reactors and plans to reopen more, which should stabilize the price of uranium in the coming months.

Seeking Alpha reported Japan has reopened two nuclear reactors and plans to reopen more, which should stabilize the price of uranium in the coming months.

As quoted in the market news:

This could be the start of something in the potential turnaround for uranium miners. Japan was formerly one of the largest users of nuclear power, and its moratorium on the use had a significant reduction in the overall demand for the commodity. The last year was exceptionally negative for uranium miners and the radioactive element itself. Beyond Japan’s actions, Germany added that it planned to phase out nuclear power production. Japan’s ramping up of its sizable nuclear power development should help buoy demand for uranium, and also help stabilize or increase its price.

Click here to read the full Seeking Alpha report.

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