Areva Advises Buying Uranium as Nuclear Glut Price Drop Ends

Nuclear power plant operators benefited from a slump in uranium prices following the reactor meltdown in Japan’s Fukushima facility. Areva SA, the second-biggest producer of the metal, says that’s about to end.

Power utilities need to boost orders of uranium by 2015 or face potentially soaring prices as new atomic plants come on line in addition to reactivated reactors in Japan, Olivier Wantz, who heads Areva’s mining division, said in an interview last month.