Uranium Price Outlook
Uranium prices weakened in recent weeks due to upbeat supply-side news. Uranium traded at USD 28.1 per pound on 8 March, which was 2.8% lower than on the same day last month and was down 1.4% on a year-to-date basis. Nevertheless, the price was 26.3% higher than on the same day in 2018 due to the late-year rally, which came on the back of significant supply-cut announcements. Australian company Boss Resources announced on 25 February that its Honeymoon mine in South Australia contained 30% more uranium resources than initially estimated, triggering a decrease in uranium prices on the same day. In addition, Fitch Solutions reported on 27 February that uranium production should rise by 50% in Namibia this year, which would be more than double last year’s growth.Uranium Price History Data (USD per pound, aop)
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|---|
| Uranium | 38.66 | 33.44 | 36.81 | 26.45 | 22.06 | 24.55 |
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Uranium Historical Price Chart
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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