Cameco Sceptical of Some Uranium Junior Supply Growth

Mining Weekly reports on Cameco Corp’s (TSX:CCO) scepticism on the growth of some uranium junior supply as demand on projections for uranium had been impacted by the Japanese nuclear disaster incident.

The market news is quoted as saying:

The event has caused the world’s biggest uranium producer to cut its demand forecast by 8%, mainly because of reactors being phased out in Germany, and the prolonged start-up of some reactors in Japan.

Cameco Corp.’s Marketing Strategy & Administration VP, Tim Gabruch says:

“The juniors are feeling, and will continue to feel, the negative impact of Fukushima, as they struggle to raise money to advance projects.”

Click here to access the entire news release.