Long-term prices of uranium have been on the upswing, a first since the devastating 2011 Fukushima nuclear crisis that not only affected Japan but the entire uranium industry as well, the Financial Post reported, citing information from the trade publication Ux Consulting.

According to the trade publication, long-term prices of uranium, the main ingredient to fire up nuclear reactors, have risen as much as 2.5 per cent this week to $61.50 a pound from the previous $60.00 a pound.

Ux's long-term price, the Financial Post said, includes uranium material yet to be delivered two years in the future.

The highly probable cause for the price improvement is being pointed to a town in Japan, Ohi, which have recently voted 11-1 in favor to resurrect the operations of the town's two nuclear reactors that have been earlier suspended due to inspections and stress tests, said Rob Chang, an analyst at Versant Partners.

"Many view the restart of some of Japan's 50 idled nuclear reactors as a major positive catalyst for uranium," he wrote in a note.