As the NSW government encourages exploration of the state's uranium reserves, analysts point out that the long-term outlook for prices remains rosy despite the post-Fukushima plunge.

With the Australian government taking steps to expand domestic uranium mining, questions have arisen not just over the element’s safety and environmental impact, but also its long-term economic viability in the wake of a bottoming out of global prices since the Fukushima disaster. Industry experts believe that while uranium prices may remain tepid in the…