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« China warned over 'insane' plans for new nuclear power plants | Main | History Shows A Gold Bull Market Is Fast Approaching »
Wednesday
May202015

TEPCO’s Uranium Stockpile Sale Likely a ‘One-Off’ Move

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The uranium spot price is closely tied to nuclear power plant restarts in Japan. However, it’s now looking like a Japanese utility company’s uranium stockpile sale could be another factor to rock the market.

News surfaced recently that Tokyo Electric Power (TSE:9501), or TEPCO, which has not consumed uranium since the 2011 Fukushima nuclear crisis, is planning to sell part of its uranium stockpile during its 2015 fiscal year in an effort to cut costs. The sale could add 6.56 million pounds of U3O8 equivalent to the spot market, according to Cantor Fitzgerald’s Rob Chang.

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Reader Comments (2)

That's great news for us uranium invesrors.lol

May 22, 2015 | Unregistered CommenterJohn

Good news is badly needed for this tiny sector, lets hope we get a decent news flow from now in.

May 22, 2015 | Registered CommenterUranium Stocks

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