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

MT Newswires Live03-04 19:27

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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