nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Tough times for uranium company Cameco – and no improvement in sight

Motley Fool 28th May 2018 , It has been a tough few years for one-time high-flying uranium miner Cameco Corp.. Over the last five years, its value has plummeted by 38% after nuclear power fell into disfavour after the 2011 Fukushima disaster in Japan, which caused the price of uranium to collapse.

Since then, uranium has remained caught in a protracted slump, despite claims by industry insiders and analysts that it is poised to rebound because of a combination of growing demand and emerging supply constraints. Nonetheless, despite these claims, there has been no sign of a sustained rally, and an upturn in the fortunes of the radioactive metal may never occur.

This is because the outlook for uranium is not as bright as claimed, and there is every indication that nuclear power will remain in disfavour. That will continue to weight on Cameco’s market value.
https://www.fool.ca/2018/05/28/despite-an-improved-1st-quarter-2018-the-outlook-for-cameco-corp-remains-poor/

Advertisements

June 1, 2018 - Posted by | business and costs, Canada, Uranium

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: