Tuesday, June 13, 2017

Japanese court clears two more reactor restarts


A Japanese court today gave the green light to switch on two more nuclear reactors despite heavy public opposition, in the latest victory for the government's pro-atomic push.

Local residents lost their bid for an injunction to block the refiring of the No.3 and No.4 reactors at the Genkai nuclear plant in southwestern Japan on safety grounds, according to a district court official.

More good news for uranium demand. At some point the restarts couple with the new reactors coming online around the world will cause higher prices. Uranium has to be the most hated asset class in the world. I cant think of anything more despised than uranium which is a great contrarian indicator for me.  

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