Share this article By David Duval The long-term fundamentals for the uranium market remain positive given the growing trend towards electrification supported by growth in baseload power supply, the switch to reliable fossil fuel alternatives, and the electrification of transportation. Today, more countries than ever are making Net Zero commitments including the U.S. which has also expressed support for its nuclear industry including the construction of new advanced reactors. “From a policy point of view, there is recognition that nuclear will be needed in the toolbox to sustainably achieve both electrification and decarbonization,” notes Tim Gitzel, president and CEO of Cameco Corp. [CCO-TSX; CCJ-NYSE], one of the largest global providers of fuel for nuclear reactors. Nuclear power emits nearly 70 times less carbon dioxide than coal, making it significantly less carbon intensive than fossil fuels.