Uranium Major Cameco’s Optimism In Market Transition Is Growing



Tim Gitzel, president and CEO of uranium major Cameco, believes optimism and confidence in the uranium market is growing, with demand going up, while supply is decreasing.

“The fundamentals are really quite simple, demand is on an upswing and utilities have a growing wedge of uncovered requirements, precisely at the same time that supply is on a downswing, and today's prices are insufficient to reverse this trend.

“Our optimism and confidence in the uranium market transition is growing,” he said in a conference call, the transcript of which was published online, on Friday.

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