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Price of uranium

$29.60/lb U3O8

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 Overview of Uranium Price, Supply, and Demand

 

    

 

 

Current Price:

U308 $29.60/lb* Effective October 12, 2020 (changed -$0.25 from survey 1 weeks prior). 

 

 

Click to see Uranium Futures => Uranium Futures - CME, or click here

 

Uranium/Nuclear focused ETFs:

Click to see Global X Uranium ETF (URA) => Uranium ETF

 

Other uranium related ETF style investment vehicles (focused on nuclear energy but are not limited to uranium mining and are not direct competition for URA): Market Vectors Nuclear Energy (NLR), and Barclays iShares Global Nuclear Energy (NUCL)

 

Although we often reference the spot price of uranium, the long-term price is what really counts as only a small fraction of the metal is actually traded on spot prices; over six times more uranium is traded in long-term market prices than in the spot market price. The long term market price is consistently and significantly higher than spot.

 

Long term price support comes from international competition for the commodity as a result of escalating nuclear programs in nations such as India and China.  According to the World Nuclear Association there are currently 448 operating reactors and 59 new reactors under construction worldwide (as of Q1 2018). There is an untold larger number of reactors planned.

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Uranium Company News:

 

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Increasing Global Nuclear Use
Despite a dip in total capacity and active reactors last year, nuclear power still generated around 10% of the world’s electricity in 2019.

 

 

Part of the increased capacity came as Japan restarted some plants and European countries looked to replace aging reactors. But most of the growth is driven by new reactors coming online in Asia and the Middle East.

China is soon to have more than 50 nuclear reactors, while India is set to become a top-ten producer once construction on new reactors is complete.

 

 

Decreasing Use in Western Europe and North America
The slight downtrend from 450 operating reactors in 2018 to 443 in 2019 was the result of continued shutdowns in Europe and North America. Home to the majority of the world’s reactors, the two continents also have the oldest reactors, with many being retired.

At the same time, European countries are leading the charge in reducing dependency on the energy source. Germany has pledged to close all nuclear plants by 2022, and Italy has already become the first country to completely shut down their plants.

Despite leading in shutdowns, Europe still emerges as the most nuclear-reliant region for a majority of electricity production and consumption.

 

 

In addition, some countries are starting to reassess nuclear energy as a means of fighting climate change. Reactors don’t produce greenhouse gases during operation, and are more efficient (and safer) than wind and solar per unit of electricity.

Facing steep emission reduction requirements, a variety of countries are looking to expand nuclear capacity or to begin planning for their first reactors.

 

Historical Values (in USD) - month end close price:

  • Sep 20 $29.75

  • Aug 20 $30.65

  • Jul 20 $32.20

  • Jun 20 $32.00

  • May 20 $34.00

  • Apr 20 $32.75

  • Mar 20 $27.40

  • Feb 20 $24.70

  • Jan 20 $24.35

  • Dec 19 $25.00

  • Nov 19 $26.00

  • Oct 19 $24.00

  • Sep 19 $25.65

  • Aug 19 $25.30

  • Jly 19 $25.50

  • Jun 19 $24.70

  • May 19 $25.00

  • Apr 19 $25.25

  • Mar 19 $25.75

  • Feb 19 $28.00

  • Jan 19 $28.90

  • Dec 18 $28.50

  • Nov 18 $29.10

  • Oct 18 $27.90

  • Sep 18 $27.35

  • Aug 18 $26.20

  • Jly 18 $25.70

  • Jun 18 $22.55

  • May 18 $22.75

  • Apr 18 $21.00

  • Mar 18 $21.10

  • Feb 18 $21.25

  • Jan 18 $22.00

  • Dec 17 $23.75

  • Nov 17 $22.00

  • Oct 17 $19.95

  • Sep 17 $20.25

  • Aug 17 $20.00

  • Jul 17 $20.15

  • Jun 17 $20.10

  • May 17 $21.50

  • Apr 17 $22.75

  • Mar 17 $24.50

  • Feb 17 $22.25

  • Jan 17 $24.50

  • Dec 16 $20.25

  • Nov 16 $18.25

  • Oct 16 $18.75

  • Sep 16 $23.75

  • Aug 16 $25.25

  • July 16 $26.25

  • June 16 $27.00

  • May 16 $27.25

  • Apr 16 $27.50

  • Mar 16 $29.15

  • Feb 16 $32.15

  • Jan 16 $34.75

  • Dec 15 $34.25

  • Nov 15 $36.00

  • Oct 15 $36.25

  • Sep 15 $37.00

  • Aug 15 $36.75

  • Jul 15 $36.00

  • Jun 15 $36.50

  • May 15 $35.00

  • Apr 15 $38.25

  • Mar 15 $39.50

  • Feb 15 $38.75

  • Jan 15 $37.15

  • Dec 14 $35.50

  • Nov 14 $40.00

  • Oct 14 $36.50

  • Sep 14 $35.50

  • Aug 14 $31.00

  • Jul 14 $28.50

  • Jun 14 $28.25

  • May 14 $28.25

  • Apr 14 $30.75

  • Mar 14 $34.00

  • Feb 14 $35.50

  • Jan 14 $35.50

  • Dec 13 $34.50

  • Nov 13 $36.35

  • Oct 13 $34.75

  • Sep 13 $35.00

  • Aug 13 $35.00

  • July 13 $34.50

  • June 13 $39.65

  • May 13 $40.50

  • Apr 13 $42.50

  • Mar 13 $42.25

  • Feb 13 $42.00

  • Jan 13 $44.00

  • Dec 12 $43.50

  • Nov 12 $42.00

  • Oct 12 $42.50

  • Sep 12 $46.50

  • Aug 12 $48.50

  • July 12 $49.25

  • June 12 $51.00

  • May 12 $52.00

  • Apr 12 $51.75

  • Mar 12 $51.00

  • Feb 12 $52.00

  • Jan 12 $52.00

  • Dec 11 $51.75

  • Nov 11 $51.75

  • Oct 11 $52.00

  • Sep 11 $52.50

  • Aug 11 $49.00

  • Jul 11 $51.75

  • Jun 11 $54.25

  • May 11 $57.50

  • Apr 11 $55.50

  • Mar 11 $62.50

  • Feb 11 $69.75

  • Jan 11 $72.00

  • Dec 10 $62.50

  • Nov 10 $61.00

  • Oct 10 $52.00

  • Sep 10 $46.50

  • Aug 10 $45.00

  • Jul 10 $43.50

  • Jun 10 $41.75

  • May 10 $40.75

  • Apr 10 $41.75

  • Mar 10 $42.00

  • Feb 10 $41.75

  • Jan 10 $42.50

  • Dec 09 $45.00

  • Nov 09 $45.50

  • Oct 09 $49.50

  • Sep 09 $42.50

  • Aug 09 $47.00

  • Jul 09 $47.00

  • Jun 09 $52.00

  • May 09 $50.00

  • Apr 09 $42.00

  • Mar 09 $42.00

  • Feb 09 $45.00

  • Jan 09 $50.00

  • Dec 08 $53.00

  • Nov 08 $55.00

  • Oct 08 $45.00

  • Sep 08 $55.55

  • Aug 08 $64.50

  • July 08 $64.50

  • June 08 $59.00

  • May 08 $60.00

  • Apr 08 $65.00

  • Mar 08 $71.00

  • Feb 08 $73.00

  • Jan 08 $78.00

  • Dec 07 $90.00

  • Nov 07 $93.00

  • Oct 07 $84.00

  • Sep 07 $85.00

  • Aug 07 $90.00

  • Jul 07 $120.00

  • Jun 07 $138.00

  • May 07 $133.00

  • Apr 07 $113.00

  • Mar 07 $95.00

  • Feb 07 $85.00

  • Jan 07 $75.00

  • Dec 06 $72.00

  • Nov 06 $63.00

  • Oct 06 $60.00

  • Sep 06 $54.00

  • Aug 06 $48.50

  • Jul 06 $47.25

  • Jun 06 $45.50

  • May 06 $43.00

  • Apr 06 $41.50

  • Mar 06 $40.50

  • Feb 06 $38.25

  • Jan 06 $37.50

  • Dec 05 $36.25

  • Nov 05 $34.50

  • Oct 05 $33.00

  • Sep 05 $31.00

  • Aug 05 $30.20

  • July 05 $29.50

  • Jun 05 $29.00

  • May 05 $29.00

  • Apr 05 $24.00

  • Mar 05 $22.50

  • Feb 05 $21.80

  • Jan. 05 $21.00

  • Dec. 04 $20.70

  • Nov. 04 $20.50

  • Oct. 04 $19.90

  • Aug. 04 $19.25

  • Jan 04 $15.50

  • Jan 03 $10.30

  • Jan 02 $9.60

* Considerations in determining spot price of Uranium: Data from recently completed transactions, data from pending transactions, firm bids to buy or borrow, firm offers to sell or lend, prices purchasers have expressed a willingness to pay but for which we are not aware of firm bids to buy, and prices sellers have expressed a willingness to accept but for which we are not aware of firm offers to sell. (Considerations not used in determining spot price: prices associated with deliveries under old or renegotiated contracts, or other than arm's-length transactions, charges for transportation other than that customarily provided by suppliers, and  prices of services or materials delivered under long-term contracts with primary suppliers).

 

 

 

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