East Asia is Aiming to Go Nuclear

Source: wikipedia-Japanese Nuclear Plant

After the Fukushima disaster, everything changed for the nuclear power industry. Both Germany and Japan completely shut down their nuclear fleets, and other countries remained cautious about announcing plans for new reactors. Nearly three years later, that has all begun to change. This is all positive news for uranium miners like Cameco Corp (NYSE: CCJ  ) and Denison Mines (NYSEMKT: DNN  ) . Why? Well, China has more plants under construction than it currently has operational, Japan has 48 reactors that could potentially be brought back online pending investigations and Vietnam was just cleared by President Obama to purchase nuclear fuel from the U.S. All of this could lead to a better supply demand balance within the industry. Check out the following video for more.

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This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.


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  • Report this Comment On March 02, 2014, at 3:21 PM, clutch58 wrote:

    and we can't build nukes, because Obama and the EPA won't allow it. So do you Obama voters really believe him when he says he cares about the US?

  • Report this Comment On March 03, 2014, at 1:35 AM, catalystgrrl wrote:

    Yeah, let's all just drill that last nail in our collective coffin!! Fukushima went straight over our heads as they were jammed straight up our @sses.

    Good show, humans.

    Next.

  • Report this Comment On March 08, 2014, at 11:07 PM, OldSchoolFool wrote:

    We simply can't ignore the benefits of nuclear power because there is potential risk in utilizing it. There is risk with every energy decision that we make. Nuclear energy is not going away, it simply cannot go away, it accounts for far too much of our base energy demand in this country. As the technology advances, and new safer plant designs are adopted, it will return. I am long on uranium (CCJ and DNN).

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