No increased cancer risk from Fukushima. That was the finding by the United Nations Scientific Committee on the Effects of Atomic Radiation in a report titled "Levels and effects of radiation exposure due to the nuclear accident after the 2011 great east-Japan earthquake and tsunami."
While many scientists and government officials were digesting the UN's earlier IPCC report on the growing need to combat climate change, the new report on radiation post-Fukushima came in rather quietly. Word about no discernible changes in the rates of cancer and other diseases after the Fukushima nuclear tragedy is welcome news to the uranium mining sector, which has seen the price of spot uranium firm up at around $34 per pound. Also, valuations of mining stocks have methodically moved higher since the start of the year. I expect this to continue on the heels of the IPCC report's major global call for lower carbon levels in order to reverse negative impacts of climate change. Therefore, I continue to favor Energy Fuels (NYSEMKT:UUUU), Denison Mines (NYSEMKT:DNN), and Cameco (NYSE:CCJ).
John Licata owns shares in Denison Mines and Energy Fuels. 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.