• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    uranium investing

    Uranium Prices Await Japan

    Investing News Network
    Jun. 27, 2012 04:00AM PST
    Energy Investing

    TradeTech is reporting a spot market uranium price of $50.75 per pound as speculation about impending approvals for Japanese nuclear reactor operations grows.

    TradeTech is reporting a spot market uranium price of $50.75 per pound, with no change from the previous period. Japan’s approval of the restart of units 3 and 4 at Kansai Electric’s Ohi nuclear power plant has infused some optimism into the industry, but the announcement has not yet resulted in higher spot market prices or transaction volumes.

    It is expected that unit 3 will recommence operations on July 4 “at the earliest,” reaching full nuclear power generation by July 8. Unit 4 will follow slightly behind, beginning generation on July 20 and reaching full power by July 24.

    Further approvals for Japanese nuclear reactor operations could soon follow. In a recent statement, Takashi Imai, chairman of the Japan Atomic Industrial Forum, suggested the country face will face an electricity shortage of approximately 10 percent this summer. Additional fossil fuel imports to offset this deficit are expected to cost approximately $40 billion per year. The marginal impact of increasing carbon emissions will bring levels 14 percent above the 1990 range, which served as a policy benchmark for the Kyoto protocol.

    Company news

    Cameco‘s (TSX:CCO,NYSE:CCJ) Port Hope conversion facility received a comprehensive study report from The Canadian Environmental Assessment Agency. The report requests public review and participation and follows in accordance with the Canadian Environmental Assessment Act, which requires that such projects receive a federal environmental assessment (EA) in the form of a comprehensive study.

    The report’s aim is to identify the potential environmental impact of the project during all decommissioning, demolition, and remediation phases, and to focus on potential accident scenarios. The study also reviews existing environmental conditions and the Canadian Nuclear Safety Commission’s conclusions and recommendations regarding appropriate mitigation measures.

    Public participation and comments on the report are welcome until July 25. Peter Kent, the environment minister, is expected to announce his EA decision following the period, taking into consideration the report and public contributions.

    Paladin Energy (TSX:PDN,ASX:PDN) intends to sell minority stakes in as many as three of its development projects by the end of October. While Paladin operates uranium mines in Namibia and Malawi, it is also currently developing uranium resources in Australia, Canada, and Niger. The company expected to find a strategic joint venture partner to help fund the development of one of its Australian uranium projects by the end of March.

    Denison Mines (TSX:DML,AMEX:DNN) has delayed the development of its planned uranium mine in Zambia until uranium prices rise above $65 per pound. The company expects uranium prices to start improving by late 2013, when the termination of the Megatons to Megawatts nuclear warhead program is likely to result in a supply deficit. Denison was planning to mine about 18.8 million tonnes of uranium ore from the Zambian project, according to information submitted to the Zambian environmental management agency.

    Investors will be interested in these developments as they highlight important current themes in the uranium mining and nuclear power industries. Cameco’s delays indicate some of the potential increased environmental costs and regulatory delays that post-Fukushima global nuclear reviews and safety audits may require. Both Paladin and Denison are deleveraging uranium developmental project risks, but each company is employing a different strategy; while Paladin is seeking joint venture partnerships to share costs and mitigate risk, Denison is awaiting positive price dynamics before concentrating its capital on developing its resource.

    Junior company news

    Uranerz Energy (TSX:URZ,AMEX:URZ) announced recent drill results confirming a new uranium trend at the Monument project in the Powder River Basin, Wyoming.

    European Uranium Resources (TSXV:EUU,FWB:TGPN) reported double the expected grade intersections at its Kuriskova project in the first of three planned metallurgical drilling phases.

     

    Securities Disclosure: I, Dave Brown, hold no direct investment interest in any company mentioned in this article.

    european uranium resourcesdrill resultsamex:dnncarbon emissionsaustraliauranium investingcanadaasx:pdn
    The Conversation (0)

    Go Deeper

    AI Powered

    PhosEnergy: A Uranium Game Changer?

    Weekend Wrapup

    Latest News

    SAGA Metals Announces Closing of Fully Subscribed Non-Brokered Private Placement and Provides Corporate Update

    Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million

    VVC - Purchase of Ithaca 1-17 Well and 5 Mile Pipeline

    Valeura Energy Inc Announces Q3 2025 Operations and Financial Update

    CHARBONE Hydrogen Successfully Completes the Dismantling of Hydrogen Equipment in Quebec and Announces the Arrival of the Main Components in Sorel-Tracy

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Energy Investing Stocks

    Skyharbour Resources

    SYH:CA

    xU3O8 (uranium.io)

    Saga Metals

    SAGA:CA

    Basin Energy

    BSN:AU

    AuKing Mining

    AKN:AU

    North Shore Uranium

    NSU:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES