Feb 16 2021
While the uranium spot price continues to move in a tight range, Cameco remains positive about long-term fundamentals for the uranium market.
-Demand for uranium is rising just as supply becomes uncertain
-The US returns to uranium conversion industry after five–year hiatus
-Uranium spot price falls marginally
By Mark Woodruff
Speaking at the company’s year-end results presentation, President and CEO of Cameco, Tim Gitzel, remained positive about the long-term fundamentals in the uranium market.
He noted momentum is building towards
non-traditional nuclear, such as small modular reactors and advanced reactors as well as recognition of nuclear energy s role in the
Cameco produced only 5 million pounds U3O8 (1923 tU) in 2020 as a result of the COVID-19 pandemic but remains positive about the long-term fundamentals in the uranium market, President and CEO Tim Gitzel said today when announcing its fourth-quarter and year-end results.