Market Chatter: Cameco, Brookfield-Owned Westinghouse Linked to Potential US-Japan Nuclear Project

MT Newswires Live
03/04

Cameco (CCJ) and Brookfield Asset Management (BAM)-owned Westinghouse Electric could be part of a nuclear power project under discussion between Japan and the US as part of Japan's $550 billion investment package, Reuters reported Wednesday.

The report said the project would strengthen energy supply chains amid renewed concerns over global energy security.

Westinghouse is also exploring projects, including pressurized water reactors and small modular reactors, valued at up to $100 billion, according to Reuters.

The talks come ahead of a planned March 19 meeting in Washington between Japanese Prime Minister Sanae Takaichi and US President Donald Trump

Japanese firms Mitsubishi Heavy Industries, Toshiba, and IHI Corporation could potentially take part, though no final decisions have been made, the report added.

Westinghouse Electric did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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