In case you missed it, the long-term price of uranium recently rose 2.5% - the first uptick for long-term pricing since Fukushima. Reported in the Financial Times the rise closely corresponds with the news coming out of Japan that reactor restarts are just around the corner.
There have been a couple of upticks for the Uranium spot price but the long-term price is the important one because the majority of uranium is bought and sold through long-term contracts.
What the price increase heralds in my opinion is recognition of the fact that nuclear power, far from suffering a downturn, continues to grow and will do so over the long term yet supply is expected to suffer a shortfall thus precipitating an increase in the value of uranium.
