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  • tiger850 tiger850 Mar 2, 2013 12:51 PM Flag

    Japan nuclear energy

    Snip from Uranium News Arguement that LEU prices are headed up:

    TradeTech is reporting a spot market uranium price of $50.75 per pound, with no change from the previous period. Japan’s approval of the restart of units 3 and 4 at Kansai Electric’s Ohi nuclear power plant has infused some optimism into the industry, but the announcement has not yet resulted in higher spot market prices or transaction volumes.

    It is expected that unit 3 will recommence operations on July 4 “at the earliest,” reaching full nuclear power generation by July 8. Unit 4 will follow slightly behind, beginning generation on July 20 and reaching full power by July 24.

    Further approvals for Japanese nuclear reactor operations could soon follow. In a recent statement, Takashi Imai, chairman of the Japan Atomic Industrial Forum, suggested the country face will face an electricity shortage of approximately 10 percent this summer.