There is no uranium supply shortfall at the moment. That's why Kazakhstan reduced their production for 2011. They were suppose to increase production by 10% but chose to only increase it by 2% because of Fukushima. This means they have spare capacity, which also means there is no shortage of supply.
There was never meant to be a shortage of supply until after 2013 anyway because of the megatons to megawatts program coming to an end but now even that program has been replaced with a new contract of supply from 2013 until 2023.
This could explain why the uranium price has continued to fall to $57.50/lb as of Friday 15 April 2011.
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