nuclear-news

Fukushima a disaster for the uranium industry

Today , in Fn Arena   Greg Peel reports that the Uranium Market is Becalmed. USA’s  Energy department is continuing to sell its uranium   the spot price continues to fall.

Uranium Prices Plummet in the Wake of Nuclear Explosions, Insane Planet May 1, 2011 By N. Solomon,   The Japan disaster has spelt a concomitant disaster to uranium prices as both spot prices as well as shares of uranium-mining companies crash. Uranium prices have suffered due to the explosions that happened in Japan and the attendant problems which are obvious to everyone, many countries in the world which had nuclear agendas especially as a means of power generation are either developing cold feet or planning to scrap the project is completely–and justifiably so.

As it stands, it is believed among investors that many countries are going to react to the radiation leaks that followed explosions at the Japanese Fukushima plant by enforcing tighter restrictions even if they do not take the alternative of completely abandoning the project. Either way, uranium prices will be forced down.

May 2, 2011 - Posted by Christina Macpherson | business and costs, Uranium