As of July 2014 , the price of uranium concentrate remained near a five-year low , the uranium price having fallen more than 50 % from the peak spot price in January 2011 , reflecting the loss of Japanese demand following the 2011 Fukushima nuclear disaster . , As a result of continued low prices , in February 2014 mining company Cameco deferred plans to expand production from existing Canadian mines , although it continued work to open a new mine at Cigar Lake .
As of July 2014 , the price of uranium concentrate remained near a five-year low , the uranium price having fallen more than 50 % from the peak price in January 2011 , and reflecting loss of Japanese demand following the 2011 Fukushima nuclear disaster . Because of continued low prices , in February 2014 mining company Cameco put back plans to expand production from existing Canadian mines , although it continued work to open a new mine at Cigar Lake .