Rebounding uranium prices will boost the business case for an expansion of BHP’s Olympic Dam smelter and by extension, the potential for higher uranium exports.
in the past month as nations like Japan, China, Canada, Turkey, the United States and South Korea flag plans to open new nuclear power reactors.Japan’s gradual restart of nuclear reactors after the 2011 Fukushima nuclear accident is likely to be a topic of debate this week when senior Japanese and Australian business leaders meet for a summit in Melbourne.
“All of that would then have the effect of increasing BHP’s uranium production because if you look at the OZ Minerals assets, they weren’t capturing the uranium from the ore there,” he said.Advertisement The restarts at Takahama means Japan has now restarted 10 of the almost 40 reactors that were idled in the aftermath of the Fukushima nuclear disaster in March 2011.
suggested nuclear would contribute 32.4 per cent of the nation’s energy in 2030, up from 27.4 per cent in 2021.Nuclear’s share of South Korea’s energy mix is planned to rise to 34.6 per cent by 2036.
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