After a long slump following the Fukushima nuclear disaster in 2011, uranium prices are slowly rising leading analysts to believe the long fall could be drawing to a close.

As reported by the Sydney Morning Herald:

After falling below $US29 per pound in May, the spot price for uranium has since enjoyed a series of incremental rises, and reached $US33 per pound earlier this week.

Daniel Morgan, commodities analyst with UBS, said:

There’s been a few supply-side issues which has been enough for a very modest price rise. What the market really needs is a demand-side driver to get the price going and in my view we don’t have one at the moment,

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