Japan aims to replace up to 5 nuclear reactors by the 2040s
Japan plans new nuclear generating capacity that could eventually alter electricity supply and fuel demand.
Source →The trace
How it reaches your house.
Starting from Uranium ore & natural concentrates (U3O8), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Uranium ore & natural concentrates (U3O8) →Stands to benefitJapan's reactor replacement plan should lift uranium demand, and France supplies 31% of this input, so French uranium suppliers benefit.
86% confidenceUranium ore & natural concentrates (U3O8) →Stands to benefitJapan's reactor replacement plan should lift uranium demand, and Canada supplies 32.4% of this input, so Canadian uranium suppliers benefit.
86% confidenceUranium ore & natural concentrates (U3O8) →Stands to benefitJapan's reactor replacement plan should lift uranium demand, and Australia supplies 22.9% of this input, so Australian uranium suppliers benefit.
Hop 2
Kazakhstan →Prices riseLow-Enriched Uranium (LEU) Nuclear Fuel
Kazakhstan supplies a large share of LEU, so Japan's planned reactor additions should raise demand and support higher LEU prices.
71% confidenceAustralia →Prices riseUranium ore & natural concentrates (U3O8)
Japan's planned nuclear build-out should raise long-run uranium demand, and Australia supplies 22.9% of global U3O8, so the uranium market should see upward price pressure.
69% confidenceFrance →Prices rise