From MIT's Technology Review:
Some of the nuclear power plants shut down after the Fukushima disaster could restart soon.I'm using Cameco as a proxy for the uranium group, URA is the ETF.
As the second anniversary of the nuclear disaster at Fukushima nears, Japan is considering restarting nuclear reactors across the country in an effort to ease a recession that began at the end of 2012 after years of economic stagnation.
All 50 of the country’s reactors were shut down after the disaster, when a powerful earthquake and tsunami caused a cascade of problems at the Fukushima Daiichi nuclear power plant that culminated in large releases of radiation. Just two reactors have since been restarted.
This week, the CEO of Areva, which supplies fuel for Japanese nuclear power plants, predicted that two-thirds of the reactors in Japan will be restarted within the next several years, and that half a dozen may restart by the end of the year. Prime Minister Shinzo Abe recently promised to begin restarting plants within the year, but it might be hard to meet that goal because the necessary safety upgrades will take some time....MORE
Here's spot from UxConsulting:
