Major uranium miner Cameco Corp., which signed two supply contracts last year with Chinese utilities, says it would like to expand its relationship with the growing Asian market.
Chief executive Jerry Grandey says there were 65 new uranium-powered reactors under construction worldwide at the beginning of the year and more than 25 of those are in China.
“We expect an additional 104 to be operating in 2020, over and above the 441 reactors now in operation,” Grandey said.
“At least half of these new reactors will be in China. China is going to become — and frankly already is — a very important market to not just Cameco, but all of the suppliers that are out there,” Grandey said.
“Over time we’d expect to obtain additional supply contracts with China and frankly look at expanding the relationship in other areas as well.”
Source：dcnonl.com