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Uranium Prices

Uranium Prices: Demand for uranium is expected to outstrip supply over the next decade. This excess demand will continue to put upward pressure on the price of uranium. This will benefit Cameco given that it controls more than 45% of identified new uranium production that is expected to come to market over the next 10 years. In addition, as the economies of India and China continue to grow so will their demand for energy (See China's Energy Appetite). In 2006, 69 percent of India’s energy came from coal and 2.6 percent from nuclear power. It aims to produce 25 percent of its electricity from nuclear power by 2050. Cameco is in the perfect position to take advantage of this trend.

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