Total 5 Posts
Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Its competitive position is based on controlling ownership of the world’s largest high-grade reserves and low-cost operations. Utilities around the world rely on its nuclear fuel products to generate power in safe, reliable, carbon-free nuclear reactors.
Finally the Uranium spot price has started to move in the right direction, which should set off a long term contracting phase for a profitable future.
Uranium today is like a game of chicken - which utility will blink first and enter into long term contracts commercially appealing to the miners before the inventories dry up? Which miners will hold out till they get the right price for their product.