For one Cameco employee, the company shutting down production at two sites in Saskatchewan is not all that surprising. After all, the uranium market has been poor. Cameco CEO Tim Gitzel said they will top up direct employees' benefits, which is why Clavelle said he still has hope. Companies like Cameco reducing production should bring balance to the market and the price of uranium should rise, he said. The bigger question in the long term, he said, is whether the uranium market will see any further reduction in demand.

Source: CBC News November 09, 2017 16:32 UTC