- Cameco stock had an impressive run in the past year, but some potential short-term trends in the global uranium market may deflate it in the short term.
- Germany's scrapping of nuclear power, made possible by the near-completion of Nord Stream 2, also an incident at a Chinese nuclear plant are potential headwinds for uranium prices this year.
- Beyond such short-term bumps in the road, uranium miners are looking in good shape, given a significant number of nuclear power projects around the world, especially in Asia.
- Cameco is well-positioned to take advantage of higher uranium prices this decade, with high quality, large volume reserves in place, as well as a solid balance sheet that allows for strong execution of projects.
For further details see:
Cameco Stock Still Has Room To Run After An Impressive Year