Uranium Demand Increases, Benefits Cameco

Seeking Alpha reported on the outlook for uranium and oil, saying Cameco (TSX:CCO,NYSE:CCJ) is likely to benefit from increased uranium demand.

As quoted in the market news:

I remain bullish on uranium prices. As the chart “Poised for a Rebound” shows, U.S. uranium prices fell sharply in the wake of the March 2011 accident at the Fukushima nuclear power plant in Japan. However, as I wrote in Global Conditions Are Conspiring For A Swift Upswing In Uranium Prices, the widespread notion that the accident will derail nuclear power is overblown.

Click here to read the full Seeking Alpha report.