Uranium & Fuel

Enrichment / Cameco CFO Sees Ways For Nuclear Industry To Reduce Dependency On Russia

By David Dalton
5 April 2022

Some calling for outright ban, but sector needs to ‘ramp down’
Cameco CFO Sees Ways For Nuclear Industry To Reduce Dependency On Russia
Grant Isaac: ‘There is not enough uranium enrichment capacity in western markets to replace Russia overnight.’
The nuclear energy industry needs to place more uranium enrichment contracts with western providers if it is to reduce its dependence on Russia in the wake of Moscow’s invasion of Ukraine, Grant Isaac, chief financial officer of Canadian uranium company Cameco said during an online discussion with Scotiabank analyst Orest Wowkodaw.

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