Uranium Reaction: Point of Maximum Pessimism

Versant Partners reports on the uranium sector and its reaction to the uranium markets.

The market news is quoted as saying:

We view the current scenario as the point of maximum pessimism for nuclear and the uranium industry. Outside of global economic weakness, there does not appear to be a foreseeable negative catalyst for yellowcake. Germany, Italy and Switzerland have made their decisions while the Fukushima Da-Ichi plant is under control (with no fatalities). There is nothing to cause the next leg down.The fundamentals for the nuclear and the uranium market remain largely unchanged. Of the 440 nuclear reactors that are currently operable, Germany’s 17 reactors account for only 3.9% and Switzerland’s 5 plants account for just 1.1%. Notably, 62 nuclear power reactors are currently under construction, which is a 14.1% increase from the current state.

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