AriGold currently nuclear reactors use far more uranium than is mined in any given year. The shortfall has been made up by Russia supplying the US with downblended surplus military grade uranium in the megatons to megawatts program which ended late last year.
http://www.world-nuclear-news.org/ENF-Megatons-to-Megawatts-program-concludes-1112134.html
With extra reactors coming online through China and the japanese restarts the crunch could see rapidly rising U prices.
http://www.theguardian.com/environment/earth-insight/2013/jul/02/nuclear-energy-crunch-uranium-peak-blackouts
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