Uranium Prices Poised to Rise on Japanese Nuclear Reactor Reactivation

The Globe and Mail reported that with Japanese nuclear reactors set to restart, a hike in uranium prices could be on the horizon.

As quoted in the market report:

Still, the regulatory moves mean that the restarts will move ahead, albeit more slowly, possibly creating a price floor for uranium. At the very least, they ease concerns that Japan was planning to sell off some of that excess inventory – estimated to be 90 million pounds according to Trade Tech – a move that would have further driven down the price of uranium, which has already fallen more than 30 per cent over the last year, according to the TD report.

To view the whole Globe and Mail report, click here.