ERA

Recent elections in Japan bought not only a new government; they also provided much needed relief for the battered uranium sector. Equity prices of uranium miners responded gleefully as a new pro-nuclear party takes up office in Tokyo. With all but a few of Japan’s nuclear reactors shut down since the Fukushima disaster, the uranium price has stayed around $50 a pound, far below the marginal cost of production. The prospect of re-commissioned plants in Japan is one of the few bright spots in a battered industry. New plants in China are the other great hope. If both those...

Recent elections in Japan bought not only a new government; they also provided much needed relief for the battered uranium sector. Equity prices of uranium miners responded gleefully as a new pro-nuclear party takes up office in Tokyo. With all but a few of Japan’s nuclear reactors shut down since the Fukushima disaster, the uranium price has stayed around $50 a pound, far below the marginal cost of production. The prospect of re-commissioned plants in Japan is one of the few bright spots in a battered industry. New plants in China are the other great hope.

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