Uranium Prices

Uranium prices averaged USD 79.23 per pound in October, up 1.6% from September. On 31 October, the commodity traded at USD 82.25 per pound, up 0.4% from 30 September.

In October, prices continued the uptrend in place since early April, nearing—while remaining fairly distant—from the peaks reached early last year. Also in October, the U.S. government struck a deal with a Canadian-owned firm to build USD 80 billion worth of nuclear reactors, adding to already bullish demand prospects.