I am not sure how this news in Thursday's may 12th Wall Street Journal factors into the uranium market but on its face it doesn't seem like the best news story for uranium bugs. The headline reads followed by the link....

"China Guangdong Nuclear Power Holding Co. withdrew its two month old $1.2 b billion bid to acquire a big stake in an African uranium deposit, after the Japanese nuclear crisis damped enthusiasm for nuclear power. CGNPC, one of Cina's two largest nuclear power generators, late Tuesday ended its offer for UK based Kalahari Minerals PLC after Britain's Takeover Panel said the Chhinese company couldn't reduce its bid.

Kalahari's main asset is its nearly 43% stake in Australia based Extract Resources Ltd., which is developing the US$1.48 billion Husab project in Namibia, one of the world's largest untapped uranium deposits."

http://online.wsj.com/article/SB10001424052748703730804576316674082982988.html