NEW YORK, NY -- (Marketwire) -- 02/19/13 -- The Fukushima disaster in Japan dealt a major blow to the Uranium Industry as many countries began to abort nuclear plans shortly after the incident, sending prices for uranium plummeting by as much as 40 percent. Two years after the disaster, Japan finally looks ready to embrace nuclear power once again. The Global X Uranium ETF (URA) has rallied over 7 percent year-to-date. Research Driven Investing examines investing opportunities in the Uranium Industry and provides equity research on Uranerz Energy Corp. (NYSE: URZ) (TSX: URZ) and Paladin Energy Ltd. (PINKSHEETS: PALAF) (TSX: PDN).
Access to the full company reports can be found at:
A revival in Japanese demand could provide a major boost for struggling uranium prices. Before the incident, Japan's annual uranium demand was approximately 20 million pounds, but has since fallen sharply as only 2 of its 50 nuclear reactors are online. Global demand for uranium is currently about 177 million pounds, according to Cantor Fitzgerald analyst, Rob Chang.
"There's a huge push for the restarts from industry, big electricity users, government and the utilities themselves," said David Sadowski, a Raymond James analyst. "And if you look at recent polls, even people in the towns around the nuclear plants, the ones who would be affected the most, are actually supportive of bringing them back online."
Research Driven Investing releases regular market updates on the Uranium Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.
Uranerz is a U.S. mining company focused on near-term commercial ISR uranium production. The Nichols Ranch ISR Uranium Project will be the Company's first mine. ISR is a mining process that uses a leaching solution to extract uranium from sandstone-hosted uranium deposits; it is the generally accepted extraction technology used in the Powder River Basin area of Wyoming.
Paladin Energy is a uranium production company with projects currently in Australia and two operating mines in Africa with a strategy to become a major uranium mining house. The Langer Heinrich Mine in Namibia is Paladin's flagship project. Paladin recently reported Completion Tests were passed at the Langer Heinrich & Kayelekera Mines.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: