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...