India Secures Long-Term Uranium Supply - Cameco (NYSE:CCJ)

India has taken a significant step to meet its long-term energy ambitions. Over the last month, the country has signed two deals with leading nuclear fuel producers. Kazatomprom accounts for roughly 20% of global uranium production and produced about 67.2 million lb. of uranium concentrates last year. The scale of the India agreement could remove a significant share of future supply from the open market, reinforcing expectations of a structurally tight uranium sector despite planned output increases. Nuclea ...