catch 22, page-26

Vintage thanks for that info and yes I agree with you on Germany's limited influence on U demand and therefore price. I am inclined to believe that Germany will make a u-turn eventually (again), as I can't see them being able to fill the gap with renewables only and be able to meet their carbon reduction targets. I don't know how long it will take for the tide to turn in Germany but I think it will happen and when it does it will provide a psychological boost for the U-price. In the short term it will be interesting to follow the law suits that the power companies are about to launch against the German government, said to be asking for billions of euros in compensation due to investments they made in the expectation that the life of their reactors would be extended. The general manufacturing industry is also against it and have highlighted concerns that higher energy costs would make them less competitive.

To me what is more important is for Japan to continue being a significant nuclear power generator (albeit a lot smarter from a safety perspective). With 54 reactors they're not an insignificant player and if they lose their nerve on nuclear power it will have a significant effect on the uranium market. Again, I can't see how they would be able to fill the gap any better than the Germans.