Reduced supply = Higher Prices Rio Tinto announced the 17 percent cut of its workforce. Cameco has recently also reduced their production.
Reduced supply should help to raise U prices (this is what oil producers do!).
At the same time Abe says Japan’s idle nuclear plants will restart soon. Some plants would have to do additional modifications to make them safer and that would take time, but those, which are close to achieving compliance most likely will start buying U in advance.