Desperate uranium miners switch to survival mode despite nuclear rebound



The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium prices at record lows, forcing mining companies to mothball mines, slice costs and cut debt as they struggle to survive.
In the wake of the March 2011 Fukushima disaster, Japan closed its nuclear reactors, which accounted for some ten percent of the more than 400 reactors operating globally.
Several other countries including Germany announced plans to exit nuclear, and in the past three years several nuclear reactors in the United States were closed as they could no longer compete... read more

 
3 October 2016 in Business, Views: 64
Source: Reuters
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