Uranium Price OutlookUranium prices fell last month. Prices averaged USD 50.6 per pound in May, which was 15.8% lower than April's price but was up 67.4% from the same month last year. On 31 May, the fuel traded at USD 48.5 per pound, which was down 8.8% from the same day of the previous month. Prices fell in May from the pre-Fukushima highs reached in April. The market has become speculative, with changes in price not corresponding to changes in fundamentals. On the demand side, the Sprott Physical Uranium Trust, the world’s largest physical uranium fund, increased its holdings by a measly 0.2% in May, in comparison to 4.7% in April. These bearish moves by the market may have been prompted by resilient supply prospects: Russian uranium continues to be spared from Western sanctions, while inventories in Europe and the U.S. remain high.
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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