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.
China's demand spans multiple industries with automobiles being one of the largest
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.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.