Uranium prices averaged USD 88.95 per pound in March, down 11.7% from February. On 29 March, the commodity traded at USD 88.00 per pound, down 6.8% from 29 February.
The decline came as speculative investors pulled back after an electrifying 11-month rally in which prices briefly reached their highest level since late 2007. That said, prices stayed at near-record levels, with market analysts suggesting that a price floor had been reached as market fundamentals remained strong.
This chart displays Uranium (US$/lb) from 2022 to 2024.
Uranium U3O8 (prices in US$/lb, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Uranium U3O8 | - | - | - | - | - | 53.63 | 49.46 | 50.10 |