Uranium Price Outlook

The rally in uranium prices, which began in April this year amid production cutbacks, has continued in recent weeks. On 30 November, uranium traded at USD 29.1 per pound, which was 4.3% higher than on the same day last month. Furthermore, the price was up 22.5% on a year-to-date basis and was 32.3% higher than on the same day in 2017. Prices trended upwards in November amid news that a Chinese state-backed company agreed to purchase uranium assets in Namibia from Rio Tinto. This also highlights China’s growing interest in the commodity given its nuclear energy ambitions—the Asian giant is expected to have put five new nuclear power plants online by the end of this year alone.

Uranium Price History Data (USD per pound, aop)

	2013	2014	2015	2016	2017
Uranium	38.66	33.44	36.81	26.45	22.06

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Uranium Historical Price Chart

Note: Uranium U308, prices in USD per pound (lb). Daily prices.

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Uranium Price Outlook

Uranium Price History Data (USD per pound, aop)

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Uranium Historical Price Chart

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