Uranium miners rise as Japan restarts more nuclear reactors ahead of Olympics
20/07/2021 15:47
** Shares of uranium miners rise as Japan reboots more
nuclear reactors to feed rising power demand due to the Olympics
** U.S. shares of Denison Mines Corp DNN.N DML.TO , UR-
Energy Inc URG.N URE.TO , Uranium Energy Corp UEC.N and
Cameco Corp CCO.TO CCJ.N rise between 0.6% to 10%, with UEC
leading gains
** Their Canadian-listed shares rise between 0.3% to 5%,
with URE leading gains
** Japan reboots a long-dormant nuclear reactor, the latest
in a series of reactors this year in a bid to keep emissions
clean amid rising power demand urn:newsml:reuters.com:*:nL4N2OR1J1 urn:newsml:reuters.com:*:nL2N2O50DD
** Japan, once a major importer of the radioactive material,
had shut down most local nuclear plants after the 2011 Fukushima
disaster, severely damaging global uranium markets
** Now a bulk of the country's electric demand is met
through coal and gas
(Reporting by Ambar Warrick)
((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837;))