The uranium sector and uranium prices have been under sustained pressure ever since the Fukushima disaster in 2010

The uranium sector and uranium prices have been under sustained pressure ever since the Fukushima disaster in 2010. Add to this the recent explosion of unconventional gas production proliferating in the US and also continued advances in renewables and you can understand why the bleak sentiment has been sustained. This article from The Australian provides a slightly more optimistic outlook for the commodity and sees China as the likely driver of a spike in Uranium prices. With current price levels unlikely to spur on new production and a low capital cost environment in China the headwinds many countries face with embracing nuclear can be overcome. I still think the sentiment towards nuclear is the biggest challenge, however, always interesting to read a different opinion with a forward looking bias. Full article here (VIEW LINK)