Jan 8, 2013

Japan might turn it on, but nuclear hits trouble elsewhere

Nuclear power and the fate of its closed stations are a touchstone issue in Japanese domestic politics.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

The return to power of the conservative, pro-nuclear Liberal Democratic Party in Japan has seen a upsurge in hope among the supporters of nuclear power around the world — including investors in uranium stocks here and in Canada, London and the US, and a surge in the share prices of Japan’s power utilities.

There’s a belief the LDP government of Prime Minister Shinzo Abe will attempt to restart the 50 or so nuclear power stations across Japan shut down for safety checks and maintenance in the wake of the March 2011 disaster at Fukushima which followed the huge earthquake and then double tsunami. Late last week Bloomberg quoted analysts in Australia and elsewhere forecasting a rise in uranium prices, after prices dipped 14% in 2012.

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One thought on “Japan might turn it on, but nuclear hits trouble elsewhere

  1. Roger Clifton

    First-of-a-kind of any engineering is expensive, becoming cheaper until mass production is achieved. However the EPR is limited in this respect by its need for massive forgings.

    Small modular reactors, such as mPower (320 MW), are more likely to reach mass production. In the event of a Global Climate Emergency Response, the investors in the winning design will jackpot.

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