MoneyWeek

The nuclear energy market is warming up – buy now

Uranium is a sector that few people understand, and fewer want to touch. It has languished in relative obscurity since 2011, when a tsunami hitting the Fukushima Daiichi Nuclear Power Plant highlighted what can happen when nuclear power threatens to go wrong. Although nobody died because of the power plant being hit, the tsunami killed at least 20,000 people and put the nuclear reactor at risk. Fears of a meltdown of the kind seen at Chernobyl were rife.

And the disaster killed the uranium market. Japan declared it was switching off its nuclear programme overnight, and other countries followed suit. Germany finally phased out its last nuclear power plant earlier this year at a time when Europe desperately needs power (and Germany had been turning off hot water in gyms and reducing the temperature of swimming pools to save power).

But despite this impetuous decision, many countries are realising that we need nuclear power in order to wean ourselves off

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