Cameco cuts long-term uranium output goal

Canada’s Cameco Corp on Wednesday lowered its long-term uranium production target by 10 per cent, a sharp shift in strategy in response to slower demand growth for the fuel after the Fukushima nuclear disaster.

The uranium market has been in a downward spiral since a massive earthquake and tsunami struck Japan in March 2011, crippling the Fukushima-Daiichi atomic power plant.

via Business feed http://www.scmp.com/business/companies/article/1074216/cameco-cuts-long-term-uranium-output-goal