Uranium Price OutlookUranium prices have lost considerable ground over the course of the past few months and have plunged more than 40% from a peak in November 2014. On 9 September, uranium traded at USD 25.5 per pound, which was 1.9% lower than on the same day in August and was down 25.5% on a year-to-date basis. The price was 31.5% lower than on the same day last year. Uranium prices have been depressed since the nuclear disaster in Fukushima in 2011 and the recovery has been slow since then, mainly due to problems of oversupply and high inventories. However, some investors are betting on a recovery of uranium as higher demand, particularly from China and India due to their plans to expand nuclear power production, will increase prices. Regarding supply, many uranium mines are expected to shut down as they are currently operating at a loss. Therefore, uranium supply should fall in the near future, driving up prices again.
Uranium Price History Data (USD per pound)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: Uranium U308, prices in USD per pound (lb). Prices are average of period (aop).
Uranium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities