| The nuclear industry fell on hard times and piled up heavy losses following the Fukushima disaster in March 2011, which resulted in the near-collapse of the uranium sector. In fact, the price of uranium plummeted 51% since the meltdown.
With the ongoing nuclear developments globally, the sector seems back on track. A major development is underway in Japan which is looking to restart its 50 shuttered nuclear power plants later this year. China is also seeking to expand its nuclear power capacity to 40 million kilowatts by 2015 and 58 million by 2017 from 12.54 million kilowatts at the end of 2011...............................................Full Article: Source |