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'Happy hour uranium' can't last

Uranium producers and project developers are eagerly anticipating a return to long-term contracting by nuclear utilities as unsustainably low prices continue to ravage the sector.

'Happy hour uranium' can't last 'Happy hour uranium' can't last 'Happy hour uranium' can't last 'Happy hour uranium' can't last 'Happy hour uranium' can't last

Uranium Energy CEO Amir Adnani and Energy Fuels CEO Mark Chalmers discuss the uranium outlook with investor Marin Katusa

The spot price has gained about 40% year to date and TradeTech spot prices breached the US$28 per pound-level Monday. This is apparently fuelling analyst optimism that the market is slowly seeing the emergence of conditions that can support a return to contract pricing by power utilities over the medium-term.

US-based Uranium Energy Corp (NYSE America:UEC) CEO Amir Adnani conceded a shift to contracting was still "very slow" at this...