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Stock impact report

Cameco Corporation: How To Invest In Uranium [Seeking Alpha]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Company Research Source: Seeking Alpha
Summary A closer look at the uranium mining industry over the last 20 years reveals a classic debt-fueled commodity cycle which peaked in 1Q2011 and, I believe, bottomed in 4Q2016. As demand increased globally and uranium spot prices rose to over $70/ton by early 2011, gargantuan long-term CAPEX projects were commissioned to increase production. However, after total nuclear energy consumption peaked at ~626 million metric tons of oil equivalent ("mTOE") in 2010, the market entered a deep recession following the March 2011 Fukushima disaster. Beginning in 2011, global nuclear energy consumption, the largest driver of uranium demand, fell 10% (predominantly due to Japan shutting down virtually all reactors in the country), resulting in spot prices falling to under $20/ton by 4Q2016. Source: Statista Given the long-term importance of nuclear energy to the global energy landscape, I believe that the uranium market is set to rebound over the next 3-5 years. As we have Show less Read more
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