Currently viewing Global edition

Cameco's market share in jeopardy

There has been a consensus building for some time that the uranium price will gradually appreciate to motivate production levels necessary to feed longer term demand but, as utilities continue to put off signing long-term contracts and China more aggressively pursues its clean energy goals through nuclear reactor capacity expansion, it looks increasingly likely the industry is sowing the seeds for something more dramatic.

Cameco's market share in jeopardy Cameco's market share in jeopardy Cameco's market share in jeopardy Cameco's market share in jeopardy Cameco's market share in jeopardy

Cameco might be in for a smaller slice of future global yellowcake markets (photo: IAEA)

This greater than anticipated uplift in demand and price is one eventuality for which North America’s biggest uranium producer, Cameco, appears ill-prepared.