 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Ottawa (AFP) March 28, 2011 Reconstruction in Japan following this month's earthquake and tsunami is likely to boost prices for lumber, plywood, steel and other building materials, a leading Canadian bank said Monday. Scotiabank said in a research note that commodity prices were like to see an increase over the next six to 12 months as Japan recovers from this month's earthquake and tsunami, and continues to grapple with the crisis at the Fukushima-Daiichi nuclear plant. Some shift from nuclear energy to imported liquid natural gas (LNG) in Japan and to natural gas-fired power generation in the United States and parts of Europe will also likely occur, it said. In the near-term, Japan is turning to imported LNG and crude oil to offset the loss of electricity from the shutdown of nuclear power generation. "Perhaps the more lasting impact of the incident at the Fukushima-Daiichi nuclear power plant... will be to trigger a re-examination of nuclear safety procedures and reactor technologies around the world and to slow the development of nuclear power," opined Patricia Mohr, a vice president and commodity market specialist at Scotiabank. However, countries such as China, Indian, South Korea and Russia -- major growth markets for nuclear energy -- "will almost certainly move ahead with significant nuclear expansion," she added. "Not to do so would enormously raise the cost of fossil fuels for consumers worldwide in the coming decade and limit the containment of greenhouse gas emissions. "Overall, the Fukushima-Daiichi event will likely delay rather than derail the nuclear renaissance," Mohr concluded.
Share This Article With Planet Earth
Related Links Global Trade News
Home lures Taiwan businesses as China costs soarTaipei (AFP) March 27, 2011 Taiwan enterprises have struggled for years to enter China, but now, just when access to the mainland market is becoming easier than ever, many are paradoxically heading back to their home island. One of them is Taipei-based restaurant giant Namchow Group, which was a relative late-comer in China but is an early bird in the reverse drive back across the Taiwan Straits, which separates the is ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
