Uranium Price OutlookUranium prices continued to ascend in recent weeks, reaching a multi-year high in late September, on skyrocketing investor demand. The commodity traded at USD 41.3 per pound on 7 October, which was up 5.8% from the same day a month earlier. Moreover, the price was 37.5% higher on a year-to-date basis and was up 38.2% from the same day last year. The price rally has been sustained by financial investors entering the market in larger numbers following the launch of the Canadian Sprott Physical Uranium Trust Fund, the world’s first exchange-traded fund to invest in physical uranium. Investors are betting on sharp increases for the yellowcake as they anticipate a key role for uranium in the move away from fossil fuels towards cleaner energy sources.
Uranium Price History Data (USD per pound, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Uranium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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