Antinuclear

Bad news for the uranium market

bad news for the uranium market.

Uranium threatened by political shake-ups FP Trading Desk May 12, 2010,   by Peter Koven It has been a week of political overhaul in Europe, and one of the victims in the fallout could be the continent’s nuclear renaissance.

In a note to clients, Raymond James analyst Bart Jaworski pointed out that new political leadership in key European countries could cause them to waver on their nuclear power plans. That in turn could be bad news for the uranium market.”In Europe, the road to a nuclear revival [and increased uranium demand] may not be as smoothly paved as it was last week,” he wrote…..

“The influence of the ‘Lib Dems’ in any coalition could play a critical role in whether the U.K. deviates from the nuclear path,” Mr. Jaworski wrote.

Mr. Jaworski also pointed to Germany, where Chancellor Angela Merkel’s coalition has lost majority control of the country’s upper house. She will now need opposition approval for her plan to cancel legislation that would phase out the country’s fleet of nuclear reactors. And in Italy, Industry Minister Claudio Scajola was forced to resign over corruption charges. He was working to revive nuclear power in the country, which was abandoned more than 20 years ago.

Uranium threatened by political shake-ups – FP Trading Desk

May 13, 2010 - Posted by Christina Macpherson | uranium | antinuclear, nuclear, nuclear costs, uranium