Noting that 72 nuclear reactors are under construction worldwide, she told the conference about the prospects for the uranium market: "It is expected that slumping demand will reverse and increase in the coming years."
Between the first quarter of 2011 and the last quarter of 2013, the uranium spot price has declined from 118.8 euro per kilogram to 66.18 euro, a fall of 44 percent, according to the website of the Euratom Supply Agency.
With uranium prices declining, Leboucher said utilities tended to wait, thinking that they would have better prices in the months ahead. However, "this means also that some will be short of supply, even if some utilities are stockpiling". (Reporting by Fredrik Dahl; Editing by David Holmes and William Hardy)
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