Cameco Controls the Uranium Refinery That Puts Canada in the Driver's Seat

Key Points Cameco both mines for and processes uranium. Nuclear reactors need the fuel that Cameco provides to operate. 10 stocks we like better than Cameco › Nuclear power is experiencing a renaissance thanks to surging electricity demand. While the highlight of the increase in demand is new technologies like artificial intelligence and electric cars, the truth is that countries rising up the socioeconomic ladder are also a key driver. Nuclear power, and the companies that support it, are likely to see huge demand. But don't just think about utilities because nuclear reactors can't run without the nuclear fuel that Cameco (NYSE: CCJ) produces. And, it owns an important asset in Canada that positions it well for the future.