Uranium sector rallies as access to supply in focus

Financial Post reports uranium market rallies as focus is on the access to uranium supply.

 Cameco Corp.’s long-term sales to two Chinese buyers near the end of June has helped produce a rally in shares of uranium producers and developers.

Security of supply in the sector has come back into focus as reports continue to surface about Chinese demand and other Asian activity in the industry.

However, access to supply is the real issue, according to David Talbot, analyst with Dundee Securities. He told clients that buyers are competing for stakes in projects and uranium companies, rather than just bids in the spot market.

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