00:00It's Benzinga bringing Wall Street to Main Street.
00:02India signed two long-term uranium supply agreements as it expands its nuclear energy
00:07capacity, according to Benzinga. Cameco Corporation agreed to supply nearly 22
00:12million pounds of uranium or concentrate to India from 2027 through 2035 under a $1.9 billion deal
00:19based on $86.95 per pound pricing. The volumes represent about 12% of Cameco's annual output.
00:27India's Department of Atomic Energy also signed a large transaction with Kazatomprom,
00:32the world's largest uranium producer, which accounts for roughly 20% of global uranium
00:37production. India operates 24 reactors generating about 8 gigawatts and targets 100 gigawatts by
00:442047. The International Atomic Energy Agency said identified uranium resources can support growth
00:51through 2050 but require sustained investment. For all things money, visit Benzinga.com.
00:57the United Luke's house and we're excited to stay at the bottom of the album.
Comments