no idea...ninemsn this am
Last week The Japan Times reported that Japanese utilities were selling uranium inventory. The news claimed the Japan Atomic Power Company (JAPC) had already sold some of its inventory to help repay loans taken out over the past year. Tokyo Electric Power is also said to be considering the same plan.
Japan and its return to nuclear power generation has been the main driving factor of uranium prices since the Fukushima meltdown in March 2011 and this latest news has brought the nagging topic of inventory management right back to the fore.
Industry consultant TradeTech notes that Japanese nuclear utilities have traditionally maintained significant nuclear fuel inventories, enough to fuel their reactors for several years. This is to forestall the impact of any unexpected supply disruptions. The first steps taken post Fukushima were to cancel and/or defer upcoming deliveries to minimise any financial burdens. A number of utilities also looked to put their inventories to use via material loans.