Nuclear fuel market's fundamentals 'best ever', says Cameco CEO

Demand for nuclear power, supported by growth across the near, medium and long term, is driving the “best fundamentals ever seen” for the nuclear fuel market, Canadian uranium major Cameco president and CEO Tim Gitzel said on Thursday.

The geopolitical events of 2022 have accelerated security of supply concerns and, coupled with the ongoing focus on climate change, have created “transformative tailwinds” for the nuclear power industry.