Cameco Customers
We sell uranium and fuel services directly to nuclear utilities around the world as uranium concentrates, UO2 and UF6, conversion services, or fuel fabrication. We have a solid portfolio of long-term sales contracts that reflect the long-term, trusting relationships we have with our customers.
Uranium
Customers:
41 nuclear utilities worldwide
- 44% of volume to Americas (US, Canada, Latin America)
- 17% of volume to Asia
- 39% of volume to Europe
- five largest customers account for 58% of commitments
Commitments:
As of December 31, 2024 approximately 220 million pounds of U3O8 contracted
| Uranium Customers | |
| America | 44 |
| Europe | 39 |
| Asia | 17 |
Conversion – UF6
Customers:
34 nuclear utilities worldwide
- 50% of volume to Americas (US, Canada, Latin America)
- 5% of volume to Asia
- 45% of volume to Europe
- five largest customers account for 59% of commitments
Commitments:
As of December 31, 2024, about 85 million kilograms as UF6 conversion
Conversion – UO2 and UO3
Cameco is a leading supplier of uranium dioxide (UO2) used by the Canadian operators of CANDU heavy water reactors. Cameco provides intermediate fuel services product, uranium trioxide (UO3), through our Blind River refinery – the world's largest uranium refinery.
Fuel Manufacturing
Cameco is one of two nuclear fuel manufacturers in Canada, and the largest Canadian-based supplier of reactor components to CANDU operators in Canada.
Customers:
- utilities operating CANDU reactors
Products:
- finished fuel for CANDU reactors
- specialty alloy products for various CANDU reactor applications
Capacity:
- 1.65 million KgU as UO2 pellets per year
| Conversion Customers | |
| America | 50 |
| Europe | 45 |
| Asia | 5 |