Replies to post #250 on VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

[3xBuBu]

Uranium Seen Rebounding as Japan Readies Nuclear Restarts
http://www.businessweek.com/news/2014-07-15/uranium-prices-seen-rebounding-on-japan-nuclear-reactor-restarts

Uranium may rebound from the lowest prices in nine years as Japan moves closer to restarting the first of its idled nuclear reactors, signaling a potential increase in consumption of the atomic fuel.

Japan’s nuclear regulator vouched for the safety of two facilities in the country’s south, setting in motion the possible return of atomic power. A resumption of plants may boost uranium prices that slid after the 2011 disaster in Fukushima, said Cantor Fitzgerald LP, a New York-based broker.

Uranium has fallen about 60 percent since the meltdown at Tokyo Electric Power Co. (9501)’s Fukushima Dai-Ichi plant in March 2011 led to the closing of Japan’s nuclear reactors, reducing demand as supply swelled. The restart will make the nation less reliant on imports of fossil fuels such as liquefied natural gas and boost uranium producers from Australia to Kazakhstan, some of whom canceled projects and closed mines as prices declined.