Japan and restartsThe consensus is that the jump in uranium stocks yesterday (and today if it continues) is based largely on the "news" about restarts in Japan.
In fact, there was no news, apart from a government statement repackaging what the Abe government had said previously many times about wanting to restart reactors as soon as possible. There still is no timetable, though that day now "feels" closer, whenever it comes. In any case, the markets like it, and that is great for the whole U sector
The NY Times has a headline this morning which should goose things even more. It reads, "Reversing Course, Japan Makes Push to Restart Dormant Nuclear Plants."
Yet down in the story is this section:
" . . . an independent regulatory agency has been evaluating whether Japan’s 50 operable reactors, which are all currently idle, can safely be brought back online. Even with regulatory approval, though, local opposition could still block or delay restarts. The national plan did not say when the government would begin trying to restart reactors . . . "
Still, the anticipation is there, and that's all that seems to count at the moment. So here's hoping the "Japan" factor continues.