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The price of uranium

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Uranium Miner conducts a weekly review of several major uranium suppliers, auctions, and brokerages to ascertain the market price of U3O8 per pound in US dollars.

 

Current Price: 

 

U308 US$83.50/lb* Effective June 24, 2024 (-$2.00 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.

 

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

  • Jun 24 $83.50

  • May 24 $90.75

  • Apr 24 $88.00

  • Mar 24 $88.50

  • Feb 24 $95.00

  • Jan 24 $100.00

  • Dec 23 $91.00

  • Nov 23 $81.00

  • Oct 23 $74.00

  • Sep 23 $70.00

  • Aug 23 $58.50

  • Jul 23 $56.25

  • Jun 23 $56.20

  • May 23 $54.60

  • Apr 23 $52.10

  • Mar 23 $50.50

  • Feb 23 $50.00

  • Jan 23 $50.50

  • Dec 22 $47.75

  • Nov 22 $50.00

  • Oct 22 $52.30

  • Sep 22 $48.50

  • Aug 22 $49.00

  • Jul 22 $46.75

  • Jun 22 $49.00

  • May 22 $47.00

  • Apr 22 $53.00

  • Mar 22 $58.20

  • Feb 22 $48.50

  • Jan 22 $43.00

  • Dec 21 $42.10

  • Nov 21 $46.00

  • Oct 21 $47.40

  • Sep 21 $43.00

  • Aug 21 $33.75

  • Jul 21 $32.30

  • Jun 21 $32.10

  • May 21 $31.40

  • Apr 21 $28.65

  • Mar 21 $30.65

  • Feb 21 $28.20

  • Jan 21 $29.50

  • Dec 20 $30.00

  • Nov 20 $29.45

  • Oct 20 $29.50

  • 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 $37.50

  • 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

Nuclear power made up 4.3% of the global energy mix in 2020, supplying many nations with carbon-free electricity.
 

Here are the world's nuclear energy powerhouses:

ver uranium? Sides dig in over mineral - Denver Post 

Nuclear Power Production by Country
Nearly 450 reactors around the world supply various nations with nuclear power, combining for about 10% of the world’s electricity, or about 4% of the global energy mix.
 

But while some countries are turning to nuclear as a clean energy source, nuclear energy generation overall has seen a slowdown since its peak in the 1990s.
 

The above image breaks down nuclear electricity generation by country in 2020 using data from the Power Reactor Information System (PRIS).

Ranked: The Top 15 Countries for Nuclear Power
Just 15 countries account for more than 91% of global nuclear power production. Here’s how much energy these countries produced in 2020:

 

Rank Country Number of Operating Reactors Nuclear Electricity Supplied
[GWh]
% share
#1 U.S.  96 789,919 30.9%
#2 China  50 344,748 13.5%
#3 France  58 338,671 13.3%
#4 Russia  39 201,821 7.9%
#5 South Korea  24 152,583 6.0%
#6 Canada  19 92,166 3.6%
#7 Ukraine  15 71,550 2.8%
#8 Germany  6 60,918 2.4%
#9 Spain  7 55,825 2.2%
#10 Sweden  7 47,362 1.9%
#11 U.K.  15 45,668 1.8%
#12 Japan  33 43,099 1.7%
#13 India  22 40,374 1.6%
#14 Belgium  7 32,793 1.3%
#15 Czechia  6 28,372 1.1%
  Rest of the World 44 207,340 8.1%
  Total 448 2,553,208 100.0%

In the U.S., nuclear power produces over 50% of the country’s clean electricity. Additionally, 88 of the country’s 96 operating reactors in 2020 received approvals for a 20-year life extension.
 

China, the world’s second-largest nuclear power producer, is investing further in nuclear energy in a bid to achieve its climate goals. The plan, which includes building 150 new reactors by 2035, could cost as much as $440 billion.
 

On the other hand, European opinions on nuclear energy are mixed. Germany is the eighth-largest on the list but plans to shutter its last operating reactor in 2022 as part of its nuclear phase-out. France, meanwhile, plans to expand its nuclear capacity.
 

Which Countries Rely Most on Nuclear Energy?
Although total electricity generation is useful for a high-level global comparison, it’s important to remember that there are some smaller countries not featured above where nuclear is still an important part of the electricity mix.

Here’s a breakdown based on the share of nuclear energy in a country’s electricity mix:

 

Rank Country Nuclear Share of Electricity Mix
#1 France  70.6%
#2 Slovakia  53.1%
#3 Ukraine  51.2%
#4 Hungary  48.0%
#5 Bulgaria  40.8%
#6 Belgium  39.1%
#7 Slovenia  37.8%
#8 Czechia  37.3%
#9 Armenia  34.5%
#10 Finland  33.9%
#11 Switzerland  32.9%
#12 Sweden  29.8%
#13 South Korea  29.6%
#14 Spain  22.2%
#15 Russia  20.6%
#16 Romania  19.9%
#17 United States  19.7%
#18 Canada  14.6%
#19 United Kingdom  14.5%
#20 Germany  11.3%

European countries dominate the leaderboard with 14 of the top 15 spots, including France, where nuclear power is the country’s largest source of electricity.
 

It’s interesting to note that only a few of these countries are top producers of nuclear in absolute terms. For example, in Slovakia, nuclear makes up 53.6% of the electricity mix—however, the country’s four reactors make up less than 1% of total global operating capacity.
 

On the flipside, the U.S. ranks 17th by share of nuclear power in its mix, despite producing 31% of global nuclear electricity in 2020. This discrepancy is largely due to size and population. European countries are much smaller and produce less electricity overall than larger countries like the U.S. and China.

The Future of Nuclear Power
The nuclear power landscape is constantly changing.
 

There were over 50 additional nuclear reactors under construction in 2020, and hundreds more are planned primarily in Asia.
 

As countries turn away from fossil fuels and embrace carbon-free energy sources, nuclear energy might see a resurgence in the global energy mix despite the phase-outs planned in several countries around he globe.

 
 

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