Antinuclear

Don’t expect uranium prices — wallowing at nine-year lows — to recover in a hurry: the market remains in a glut and most transactions are on long-term contracts.

Japan’s nuclear watchdog approved two reactors at Kyushu Electric’s Sendai plant to be restarted, presaging the revival of more of 48 Nipponese reactors.

The sector has been shut down since the 2011 Fukushima disaster.

Before this “incident” — the industry’s preferred description of the near meltdown — Japan was one-third reliant on nuclear energy. The ensuing carnage saw dozens of uranium projects cancelled and delayed, with our own Paladin Energy putting its Kayelekera plant in Malawi on care and maintenance…….