Amid the unfolding nuclear power plant crisis in Japan, Paladin Energy Ltd (ASX:PDN) has stated that it believes the medium and long-term outlook for nuclear power remains positive, and, that the recent events in Japanese could further exacerbate the supply situation.
The uranium producer says, ironically, this would place the company in a better position with respect to global demand.
Paladin advises that it does not currently have a commercial relationship with Japanese utilities.
The company will today hold a conference call regarding the Japanese nuclear situation.
On Tuesday Paladin plunged 17.47 per cent to its lowest since March last year but yesterday staged a recovery, jumping $13.5 per cent to close at $3.70.
In the first six months of the 2011 financial year, Paladin Energy booked a net loss of $33.3 million.
