real-time news and commentary for investors
Wednesday, Aug 7
Uranium shares higher as Abe takes firmer stance on Fukushima
- USEC (USU +12.7%), Uranium Resources (URRE +7.2%) and some other uranium peers (URA) are moving amid news that the Fukushima Dai-Ichi nuclear facility is still leaking radioactive groundwater into the Pacific Ocean.
- StreetInsider.com says positive sentiment may stem from comments by Japan PM Abe, who says the leakage is an urgent problem that must be addressed by a government strategy and not left solely to Tepco (TKECY.PK).
- Fukushima is leaking ~300 tons/day of radioactive water into the ocean, Japan's economy ministry says.