From what I’ve heard/read, the bullish thesis around the Japan decision is based on the fact that they will no longer be selling their significant U holdings to the market. This has taken away an expected future supply.
I don't find that to be all that bullish actually. You can see above in the chart that Japan never sold any significant amount of uranium back into the market. The real bullish thesis is that they would increase demand for more enrichment.
Sorry, bad phrasing on my part - the fear of them selling their significant U holdings into the market is gone. I think it’s also about the narrative. The country that has most reason to turn away from nuclear energy has come out pro-nuclear. It feels like a renaissance to many investors. Let’s see. Thanks.
You mention the inventory was not known at the time of Mark II, but also that the report you cite was released in Mar 2022. Was this report missed at the time of writing Mark II?
Echoing Malcolm's comment as well. Wasn't Japanese restarts bullish because it limits a source or a supply (re-selling)?
From what I’ve heard/read, the bullish thesis around the Japan decision is based on the fact that they will no longer be selling their significant U holdings to the market. This has taken away an expected future supply.
I don't find that to be all that bullish actually. You can see above in the chart that Japan never sold any significant amount of uranium back into the market. The real bullish thesis is that they would increase demand for more enrichment.
Sorry, bad phrasing on my part - the fear of them selling their significant U holdings into the market is gone. I think it’s also about the narrative. The country that has most reason to turn away from nuclear energy has come out pro-nuclear. It feels like a renaissance to many investors. Let’s see. Thanks.
sure, but this rally/upwards movement still has to be proven substantial. Coming weeks and months will follow. Uranium futures turned green already.
It takes guts to be contrarian, keep it up! Just because all run in on direction it does not mean, they are right.
You mention the inventory was not known at the time of Mark II, but also that the report you cite was released in Mar 2022. Was this report missed at the time of writing Mark II?
Echoing Malcolm's comment as well. Wasn't Japanese restarts bullish because it limits a source or a supply (re-selling)?
A lot of things out of japan, are in Japanese, so they are not easy to find a google search.