Reactor restart in June, page-10

"2015 is well underway and starting to look at lot like 2014. Commodity markets remain weak with uranium, copper, gold and oil prices still near their lows.

Rick Rule, Chairman of Sprott US Holdings, sat down with me recently to discuss the resource and precious metals markets.

Rick, since many commodities are at or near their lows since the resource bear market began, is it time to reexamine any of our premises?

Yes. The one that comes to mind is uranium.
It really is a function of the interconnectedness we see in all aspects of the world economy. All parts of the world economy, including the US, have stubbornly refused to stage a meaningful recovery (as we discussed in a recent report). We are not seeing higher consumer wealth and greater ability to spend, which has led to a decline in oil price and in the prices of seaborne liquefied natural gas.
Liquefied natural gas prices have been cut in half. In turn, there is less pressure on the Japanese to restart their fleet of nuclear reactors.
A year ago, the Japanese were paying between $15 to $20 per million Btu (British Thermal Unit). Now they’re paying around $8 or $9 per million Btu. So the pressure is off for the restart of their nuclear power plants. The recovery that I saw for uranium prices, which I believed could go from the low $40s to high $60s, has been postponed.
If the world economy revives, if Japanese manufacturing revives, and if electrical demand revives, then the Japanese will have to restart their nuclear capacity. For now, the low prices for liquefied natural gas serve as a depressant for uranium demand."

http://www.mining.com/web/rick-rule-recovery-saw-uranium-postponed/

I was one who in early 2014 expected a good year for uranium. Analysts and commentators were saying U price was to go up with the end of the megatons to megawatts program. Japan reactors were supposed to start by the Japanese summer, but instead the U price dropped to $28.

Now here we are, expecting the U price to increase again with Japan reactors to restart this year.
If Japan doesn't restart their reactors this year (which I think is likely), the U price could be around high $30s for quite some time.