Uranium & Fuel

Global Uranium Market Underestimating Potential Supply Shortages, Warns Cameco

By Rachel Rigby
15 October 2025

Prices remain too low to justify new mine development, says company’s COO

Global Uranium Market Underestimating Potential Supply Shortages, Warns Cameco
Cameco’s Cigar Lake in northern Saskatchewan, Canada, is the world’s highest-grade uranium mine. Courtesy Cameco.
The global uranium market is underestimating the severity of looming supply shortages with optimism about production growth not supported by fundamentals, the president and chief operating officer of Canada-based uranium company Cameco has cautioned.

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