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Cameco struggles with continued saga of falling uranium prices

Uranium Producers Continue to Sruggle With Low Prices CKRM, 24 Jan 15, The oil market has seen a decline for about 3 months, but Cameco’s CEO says the uranium industry has seen dropping prices for more than 3 years.

Tim Gitzel told a conference in Whistler, BC, that the nuclear meltdown in Fukushima more than three years ago continues to have a ripple effect on the industry, and many companies have struggled with the drop in prices.

Gitzel says it will be a tough test for Cameco in both the short and medium terms while they wait for Japan to restart two reactors and construction continues on 70 reactors in Asia.

January 24, 2015 - Posted by Christina Macpherson | general

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