TORONTO (Reuters) – Molycorp Inc (MCP.N: Quote, Profile, Research, Stock Buzz) has seen no impact on sales of rare earths to Japan in the aftermath of the country’s massive earthquake and tsunami, and the company is on track to hit its first-quarter sales targets, Chief Executive Mark Smith said.
“None of the companies or facilities that we sell material to have reported any significant damage in any of their manufacturing facilities,” Smith told the Reuters Global Mining and Steel Summit in Toronto on Monday.
TORONTO (Reuters) – Cameco Corp (CCO.TO: Quote, Profile, Research, Stock Buzz) remains confident that the long-term outlook for uranium is solid despite global anxiety over radiation from an earthquake-crippled nuclear plant in Japan, Chief Executive Jerry Grandey said on Monday.
Speaking to Reuters in an exclusive interview at the Mining and Steel Summit, Grandey said that while the so-called nuclear renaissance will be slowed by the crisis in Japan, more uranium will be needed in the next few years to fuel reactors already online and under construction.
TORONTO, March 17 (Reuters) – Shares of uranium producer
Cameco (CCO.TO: Quote, Profile, Research, Stock Buzz) closed at a six-month low on Thursday due to
rising concerns over an earthquake-shattered nuclear power
plant in northeastern Japan, and as governments from Australia
to the United States advised citizens to leave the region.
Cameco’s stock has plunged by more than 23 percent since
last Friday, falling almost 6 percent on Thursday, as concern
mounted over the long-term outlook for nuclear reactors and the
uranium that fuels them.
TORONTO (Reuters) – Shares of Cameco Corp (CCO.TO: Quote, Profile, Research, Stock Buzz) staged a stunning recovery from an 11 percent fall on Tuesday to close more than 1 percent higher, as investors became less rattled by the nuclear crisis in Japan.
The world’s No. 2 uranium producer closed at C$32.07, up 1.17 percent, after falling 22 percent over two days as Japan raced to avert a radiation catastrophe at a quake-crippled nuclear plant northeast of Tokyo.
TORONTO, March 15 (Reuters) – Shares of Cameco Corp
(CCO.TO: Quote, Profile, Research, Stock Buzz) fell more than 10 percent on Tuesday morning as the
nuclear crisis intensified in Japan and investors continued to
flee companies that build nuclear reactors and produce the
uranium that fuels them.
Shares of the world’s No. 2 uranium producer fell to
C$28.33 after a quake-crippled nuclear power plant in
northeastern Japan exploded and sent low levels of radiation
toward Tokyo. [ID:nLDE72D2FT] Cameco shares have tumbled more
than 22 percent in two days.
SINGAPORE/TORONTO (Reuters) – The nuclear power industry took a beating as governments addressed its safety and investors bailed out of stocks because of the crisis enveloping a Japanese nuclear power plant. But the United States government offered some support.
Germany has suspended an agreement to extend the life of its nuclear power stations, Switzerland put on hold some approvals for nuclear power plants, and Taiwan’s state-run Taipower said it was studying plans to cut nuclear power output.
TORONTO/NEW YORK, March 14 (Reuters) – Investors punished
shares of companies that build nuclear power plants and supply
them with fuel on Monday as the disaster in Japan threw an
industry “renaissance” into doubt.
Energy companies have touted nuclear power as an efficient,
carbon-free source of power to counter climate change,
prompting dozens of power companies to propose new reactors in
the United States and around the globe.
TORONTO, March 14 (Reuters) – Cameco (CCO.TO: Quote, Profile, Research, Stock Buzz) stock slumped
over 12 percent on Monday on fears that Japan’s nuclear
problems could end the sector’s so-called renaissance, but the
company insisted that any impact would not last.
“We do not anticipate significant direct effects on
Cameco’s business in the short or long term,” Cameco chief
executive Jerry Grandey said on a conference call.