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Japanese election lifts Uranium One

Companies

Uranium One, which mines the raw material used in nuclear reactor fuel, advanced the most in 11 months on the JSE yesterday after the pro-nuclear Liberal Democratic Party (LDP) won a landslide election victory in Japan on Sunday.

Shares in the Vancouver-based company jumped as much as 15.6 percent before midday and closed 13.5 percent higher at R18.29.

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File image: Reuters

The LDP captured a two-thirds majority in Japan’s lower house of parliament in Sunday’s election.

The party’s campaign called for Japan to restart atomic reactors shut down after last year’s tsunami and earthquake. – Bloomberg

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