Zhitong Finance APP learned that Cameco (CCJ. US) reported on the fourth quarter 2021 results call that the Company signed a new 30 million pounds of long trade contracts (11,538 tons of uranium) in 2021, but also disclosed that it had signed another 40 million pounds of long trade contracts (15,385 tons of uranium) in January 2022 alone, and the company had a new increase in trade contracts of 70 million pounds (26,923 tons of uranium) from 2021. Compared to 2020, CCJ only signed 12.5 million pounds of long-term trade contracts (4,808 tons of uranium).
The long-term recovery shows that nuclear power owners have concerns about spot uranium prices from last year so far. Spot prices eventually became a catalyst for the long-term market, and history confirms this again. The recovery in long-term contract volume is the real recovery of the uranium market, and the subsequent purchase of nuclear power owners has laid the cornerstone for this round of natural uranium recovery.
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