Cameco CEO Warns of Looming Uranium Scarcity

IBTimes reported Tim Gitzel, CEO of Cameco (TSX:CCO,NYSE:CCJ) says uranium is running out because of the way it is produced.

As quoted in the market news:

Prices of uranium, a radioactive heavy metal used as an abundant source of nuclear energy, have tumbled 24 per cent since the March 2011 magnitude-9 earthquake and tsunami that hit Japan that caused a partial meltdown at Tokyo Electric Power Co.’s Fukushima Dai-Ichi nuclear plant.

Click here to read the full IBTimes report.