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Bailey McCann, Opalesque New York:

Are we finally turning the corner on the uranium slump? One investment manager argues that spot prices are on the rise and the market should be prepared for an upswing over the next two to five years.

The uranium market includes exploration for, mining, milling, purchase and sale of uranium concentrate. There is also a fuel services segment to the market which includes refining, conversion and fabrication of uranium. Both segments have been under pressure in recent years as prices have remained too low for miners, leading to supply being taken off the market. Now, as demand has started to pick back up prices are rising in response to supply scarcity.

"What we've seen over the past few years, is that commodities investors are skeptical of the uranium market because the downturn has been persistent," says commodities manager Isuru Seneviratne. "But we're also seeing some investment firms acquire ownership stakes in producers, because they're looking at the disconnect between supply and demand. That mismatch will likely be profitable."

Seneviratne was previously the CEO of Radiant Value Management, an energy hedge fund. He's now on the hunt for partners to focus specifically on a uranium strategy. Seneviratne says that the opportunity has a finite investment window of 2-5 years, after which time he'd return money to investors. "I think it's a unique opportunity," Seneviratne says. "Uranium is a small p......................

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