It feels as though every time investors get excited about the possibility of a renaissance for nuclear power and uranium, something happens to undermine that thesis. That has made it difficult for uranium producers like Cameco (NYSE:CCJ), Denison (NYSEMKT:DNN), and Paladin Energy (OTCPK:PALAY) (PDN.TO) (PDN.AX).
The Fukushima Daiichi accident has had some profound effects on the nuclear power and uranium industries, prompting several European countries to swear off nuclear power, forcing a re-examination of nuclear power in Japan and the U.S., and sending uranium spot prices plunging from over $70 to $34 a pound. Few uranium producers can operate profitably at these levels, and it has sapped the energy from what was supposed to...
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