Cameco reports profit as uranium market shows 'marked improvement'

The world’s largest uranium producer is reporting a $28-million quarterly profit following a “marked improvement” in the global market for nuclear fuel, with spot prices up 40 per cent compared to last year.
However, Cameco Corp. says there is still a need for caution because nuclear utilities have not returned to “meaningful” long-term contract purchasing and prices are not high enough to restart shuttered mines.
“The uranium market is showing a marked improv