Japan’s decision to restart its nuclear reactors is good news for the Australian uranium industry and its 4,000 workers.
Japan has been a major export destination for Australian uranium and its re-entry to the market will boost investment and development of the Australian industry.
Japan’s decision also sends a strong signal affirming nuclear’s role in meeting the world’s growing demand for energy.
The Australian Government’s Bureau of Resources and Energy Economics predicts that the combination of nuclear energy’s ability to provide reliable base load power, relatively cheap operating costs and low carbon emissions will see ‘substantial expansion in nuclear power generating capacity.
Australia has the world’s largest resources of uranium and is well placed to capitalise on this demand growth and expand its role as a secure, reliable and sustainable uranium producer.
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