[These contracts] make it possible to secure a long-term and reliable supply of uranium for our electricity utility customers.
“These contracts confirm the confidence of our customers in Orano. They make it possible to secure a long-term and reliable supply of uranium for our electricity utility customers”, said SEVP for sales and marketing Patrick Champalaune in a media release.
For 2020, Orano’s order intake amounted to $2.26 billion (€1.9 billion).
A recent analysis by GlobalData shows worldwide uranium production will recover by 3.1% to reach 51,200 tonnes in 2021 as significant mines come back online following a covid 19 hiatus.
The news comes as spot uranium prices, as assessed by UxC, ended June at $32.25 per lb.
