Uranium Spot Might Hit $51-$54 In 2018, page-2

and not one mention in this story about the 6 years Uranium supply the Japanese already have in storage

and not one mention about Japans Tepco that cancelled $1.3-billion uranium-supply contract with Cameco

http://www.theglobeandmail.com/repo...ly-uranium-to-tokyo-electric/article33855015/

so what does the author tell us about Cameco:-

But as Cameco (NYSE:CCJ), "one of the world's largest uranium producers providing about 18% of the world's production," states, "uranium does not trade on an open market like other commodities. Buyers and sellers negotiate contracts privately." Thus, the spot price is an estimate of the "immediate purchase of a single pound or kilogram of uranium." The long-term price, an estimate based on the several long-term contracts, is where most uranium business is conducted. Two analytics companies, TradeTech and Ux Consulting Company, calculate the spot and long-term prices. According to Cameco's CEO, in June of 2016, utilities were not signing many long-term 10-year contracts, and were instead signing more "mid-term 2-year contracts" as prices could go lower. Also, producers seem hesitant to sign long-term fixed contracts at current prices, preferring variable long-term contracts. The spot price shown below very closely matches the futures price shown above. It seems that the long-term price moves about $7-10 above the spot price.