Rochester, NY 8/19/2009 8:33:36 AM
Cameco Corp., CCJ - Cameco Blends in the Current Market Trends
Cameco Corp.
Cameco which fished in the bottom in uranium with its spot market purchases during the first quarter. Now it appears that the producer's enthusiasm for the metal may have proven contagious.
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The second quarter saw a huge spike in trading activity, with spot market transactions between utilities, traders, and producers tripling the prior year's volume. The 21 million pounds of uranium that changed hands actually marked a quarterly record.
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