Unless Japan restarts nuclear reactors, uranium industry could be finshed
“Due to the huge impact of reduced demand from Japan, the reactor-restart story is likely to continue to be the main factor affecting the spot uranium price over the coming few months,No Nukes, No Uranium
BARRON’s By RHIANNON HOYLE 6 Oct 13 Japan’s 2011 disaster at Fukushima still weighs on national energy policies worldwide, as well as the commodity’s price. DJ-AIG Commodity Indexes Uranium prices are edging higher after a recent plunge to nearly eight-year lows, but that’s no reason for investors to pile in.
Demand for the nuclear fuel isn’t ramping up as expected. Japan, a major uranium user, has been slow to restart nuclear operations after the 2011 earthquake and tsunami that devastated the Fukushima Daiichi power plant, and stockpiles of U3O8—the most actively traded compound of uranium—are growing.
Prices were down 22% when they hit their nadir last month. At $34 a pound, the commodity was worth just half what it had traded for prior to Fukushima.
Uranium is now trading at about $35 a pound as prices gravitate back toward the material’s production cost, which some analysts estimate to be $40 a pound. However, the market remains focused on Japan’s nuclear-energy sector, which is still struggling to recover. In 2010, nuclear power accounted for 29.2% of Japan’s electricity production; last year, it was 2.1%.
http://nuclear-news.net/2013/10/06/unless-japan-restarts-nuclear-reactors-uranium-industry-could-be-finshed/
Paladin cuts as falling uranium price takes toll
The Australian
The Perth-based company, which operates two uranium mines in Africa, says it will reduce the number of head office staff in the current financial year, and cut ...
Uranium mining start faces hurdles
Posted
The Australian Uranium Association says it will be some time before uranium mining begins in Queensland.
5th October 13
URANIUM MINING:Tanzania faces the devil’s choice, experts warn
Uranium mining experts who have been attending a six- day conference in Dar es Salaam have warned the government against mining uranium, asking Tanzania to choose between expanding the country’s economy and waiting for horrendous health and environmental consequences.
The warning has come only three days after Acting Commissioner for Minerals Eng. Ally Samaje announced in Dar es Salaam that uranium reserves amounting to 178.8 million tons had been confirmed at Mkuju River in Ruvuma region.
http://www.ippmedia.com/frontend/functions/print_article.php?l=60040
Japan Seeks Advanced Technology From Abroad To Tackle Fukushima Leak
http://www.rttnews.com/2198649/japan-seeks-advanced-technology-from-abroad-to-tackle-fukushima-leak.aspx?type=gn&utm_source=google&utm_campaign=sitemap
The warning has come only three days after Acting Commissioner for Minerals Eng. Ally Samaje announced in Dar es Salaam that uranium reserves amounting to 178.8 million tons had been confirmed at Mkuju River in Ruvuma region.
http://www.ippmedia.com/frontend/functions/print_article.php?l=60040
Japan Seeks Advanced Technology From Abroad To Tackle Fukushima Leak
http://www.rttnews.com/2198649/japan-seeks-advanced-technology-from-abroad-to-tackle-fukushima-leak.aspx?type=gn&utm_source=google&utm_campaign=sitemap
