Spot Uranium Down, Optimism Up

IBTimes reported spot uranium prices are still low despite two nuclear reactors opening up last week.

As quoted in the market news:

Australian analysts at JP Morgan thought the news was quite positive, with the broker expecting to see more reactor restarts as Japan comes to grip with the peak electricity demand levels of summer.

Although JP Morgan wasn’t overwhelmed by the news given its view the outlook for Japan still looks risky. The analysts were more concerned about China, saying the Middle Kingdom remains the real driver for demand growth. Right now, China has 26 reactors under construction, with another 171 in the planning and proposal stages.

Click here to read the full IBTimes report.