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Uranium poised for price jump after 2nd Cigar Lake closure, analysts say


Blog
Blog
Blog
Blog
15 Dec, 2020
Author
Jacob Holzman
The largest operational uranium mine in the world is shutting down for the second time in 2020 due to the spread of COVID-19, presenting fertile ground for another rise in prices linked to the pandemic.
Saskatchewan-based Cameco Corp. announced Dec. 14 the suspension of production at its 50%-owned Cigar Lake uranium mine in the province after three employees at the site tested positive for the coronavirus. It was the second temporary closure of the mine due to COVID-19. Orano SA, which has a 37% interest in Cigar Lake, announced the same day that it was suspending production at the nearby McClean Lake uranium processing mill. ....

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