Cameco Continues to Weather Storm While It Waits for Production Cuts to Help Weak Prices
The uranium market was relatively quiet in the first quarter of 2018, as uncertainty surrounding nuclear generation and supply lingered. Given the continued weakness in uranium prices, long-term contracting activity was markedly weak during the quarter, with only 10 million pounds contracted, compared with 28 million pounds last year according to Ux Consulting.Yet, Cameco has done what it can to make the best of a challenging and uncertain situation. 2018 production will be significantly lower ...
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