Not Enough Nuclear:
The headline: Cameco (CCJ) Set To Maintain Its Momentum As Uranium Demand Outstrips Supply For Next 10 Years
Jerry Grandey, CEO of Cameco, joins the guys on the Fast Line to talk about the momentum behind this exploding commodity.
How much momentum is there in the commodity?
Uranium started out at about $10 per pound five years ago, Grandey says, and today uranium spot prices are $125 per pound. There’s clearly plenty of momentum. There’s also a tremendous inventory drawdown, he says, and a definitive interest in nuclear power that’s here for the long term.