Uranium Price OutlookUranium prices have jumped over last month, offering some respite to producers and showing signs of a possible reversal in the decade-long slowdown that has gripped the industry. On 1 December, uranium traded at USD 25.5 per pound, which was up 27.8% from the same day in October. The price was 25.9% higher on a year-to-date basis and was up 39.7% from the same day last year. The recent upsurge was propelled by announcements of temporary closures of Cameco’s McArthur River and Key Lake mines due to persistent oversupply and low uranium prices. Major production cuts in other mines are also supporting the upturn in prices. Supply continues to exceed demand, however. Increased efficiency in production requires less uranium, and competition from natural gas and renewables has also reduced demand.
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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