Prime Minister Shinzo Abe has also been a vocal nuclear power proponent, arguing that atomic power, which generated almost one-third of Japan’s electricity pre-Fukushima, helps diminish the country’s reliance on expensive fossil fuel imports. According to customs data, Japan’s imports of liquefied natural gas hit a record 7.78 trillion yen, or $65 billion, in the year ended March 31.
With nuclear energy industry looking brighter, uranium demand is expected to rise. According to the World Nuclear Association, the number of new nuclear plants due to go online this year and in the next three years is expected to total around 40, and more are planned in the years ahead, mostly in Asia, writes Lawrence Williams for Mineweb.
“For the uranium market to get a boost, analysts say, a lot of dust still needs to settle. But the fact that Japan has decided to restart its nuclear plants may convince other countries to energize their own programs, according to Charles Perry, a former TXU Energy Corp., reports MarketWatch.
URA has $146.1 million in assets under management.
Global X Uranium ETF