Uranium is having more than a momentary surge, says Cameco CEO

The current bullish trend in the uranium market is not just a fleeting moment, uranium major Cameco CEO Tim Gitzel declared on Thursday, stating that the market is driven by global-scale factors that will “persist for years to come”.

Unlike historical spikes triggered by isolated events, the uranium market is undergoing “more than just a moment”. “Instead, we are seeing full-cycle growth in the near, mid and long term with broad interest in nuclear energy like never before,” he said on a conference call.

Gitzel stated that geopolitical tensions were prompting governments to re-evaluate energy security and enact policies to reduce risk and eliminate reliance on unstable jurisdictions. At the same time, climate change and electron accountability remained top of mind. “There is a growing consensus that there is no net zero without nuclear , and 28 countries have now signed on to an international declaration that calls for a tripling […]

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