Uranium Demand Uncertain: Is Cameco Corp. The Right Long-Term Play?
- The decrease in the annual uranium supply caused by the end of the HEU agreement will be offset by countries like Japan and Germany no longer using their nuclear reactors.
- Public distrust will likely keep most of Japans nuclear reactors off for the foreseeable future.
- New reactors under construction will provide little demand for Uranium in the near to midterm because of the time required to build these reactors.
- However, companies like Cameco Corporation (CCJ) are positioned to withstand the uncertainty in the near-term and reap the gains of a long-term recovery in the uranium market.