Only because Japan has enough uranium stockpiled from contracted...

Only because Japan has enough uranium stockpiled from contracted deliveries post-Fukushima. Eventually, Japan will need to enter the market, probably post-2020, but it is still a LT source of demand.

Unlike what we are seeing with iron ore, where growth in the installation of Chinese infrastructure consuming steel is slowing, growth in power generation infrastructure will continue to grow with economic development and uranium is a fuel which is required on an ongoing basis. China bulls should be piling into the uranium sector. Best to get in before the sheep understand the story!