Economics
Uranium Poised for Bull Market as Japan Reviews Reactors: Energy
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Japan, once Asia’s largest nuclear power producer, may restart one in every five reactors this year after safety reviews following the Fukushima disaster, driving uranium back into a bull market.
The nation may open 10 units, according to the median of 11 analyst estimates compiled by Bloomberg. Japan has been without atomic power since September, with its 50 reactors shut pending inspections by regulators. Uranium will average $41 a pound this year, or 14 percent more than now, a separate survey of five analysts showed.