There has been good news from Japan but bad news from Kazakhstan for the uranium industry this month
John Robertson
PortfolioDirect
There has been good news from Japan but bad news from Kazakhstan for the uranium industry this month. The Japanese cabinet is set to review a proposal calling for nuclear power to be an important baseload electricity source. All the nuclear power plants were closed after the Fukushima nuclear power plant failures in 2011. The cabinet review due to be completed in March would open the way for plants to start producing again. Kazakhstan has accounted for around 40% of the world's uranium supply. A 19% devaluation earlier this month in the Kazakhstan Tenge was an overt attempt by the government to restore profitability. In lowering the exchange rate, the government has given its uranium suppliers an effective 19% revenue boost not available to companies operating in other currencies and removed pressures on them to help rebalance the market.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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