Japan Gives Nuclear Industry a Reason to Cheer

Source:

"Japan's devastating disasters last year derailed some growth in the nuclear industry worldwide, but demand for uranium is poised to strengthen after the nation that fed doubts over safety approved its first restart of nuclear reactors since the catastrophe."

MarketWatch, Myra Saefong

Japan's devastating disasters last year derailed some growth in the nuclear industry world-wide, but demand for uranium is poised to strengthen after the nation that fed doubts over safety approved its first restart of nuclear reactors since the catastrophe.

"Stealthily. . .developments in the nuclear industry are moving ahead," said Jeb Handwerger, a natural-resource analyst and editor of GoldStockTrades.com. "Homage was paid to Fukushima," but it did not deter companies in the nuclear power industry "from continuing the development of nuclear energy."

On March 11, 2011, a magnitude 9.0 earthquake, the most powerful ever recorded in Japan, struck the eastern coast of the nation. Tsunami waves followed, causing a power outage at Japan's Fukushima Daiichi nuclear plant that, in turn, sparked a radiation crisis that was the worst the world had seen since the 1986 Chernobyl nuclear disaster in Ukraine.

And in the months that followed, all 50 of Japan's main nuclear reactors, which provided around 30% of the nation's electricity, were shut down—the most recent being a reactor at the Tomari nuclear plant in May of this year.

That marked the first time since 1970 that the nation had been without nuclear power. . .View Full Article

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