Weekly Fundamentals - A Look at Japanese Earthquake's Impacts on Commodities
BonTradeThe earthquake and tsunami that struck Japan on March 11 has caused tremendous destruction to the country. Police confirmed at least 7197 people died but actual casualty will likely be revised higher. Currently 11 of the nuclear reactors totaling around 9.7 GW, or about 20% of capacity, and 11-12 GW of thermal power generation, have been closed down after explosions in nuclear plants. Radiation leak after nuclear plant explosion has terrified people living in the country and worldwide. Nuclear capacity shut currently will likely be lost for a prolonged period of time, if not forever and the government will need to replace this energy source by oil, gas and thermal coal in the long-term.
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Weekly Fundamentals - A Look at Japanese Earthquake's Impacts on Commodities
