Uranium Price Outlook

The price of uranium has gained significant ground in recent weeks due to continued supply constraints. The commodity traded at USD 33.4 per pound on 15 May, which was up 13.2% from the same day a month earlier. Moreover, the price was 33.6% higher on a year-to-date basis and was up 35.5% from the same day last year. Supply pressure continued to lift prices in recent weeks on the back of the April announcement by Kazatomprom, the world’s largest uranium producer, that it was ceasing production for three months in Kazakhstan to comply with social distancing measures. Moreover, in March, Cameco announced an indefinite suspension of operations at Cigar Lake, the largest uranium mine in Canada.

Uranium Price History Data (USD per pound, aop)

2015  2016  2017  2018  2019  
Uranium 36.81  26.45  22.06  24.55  25.9  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Uranium Historical Price Chart


Uranium historical price chart
Note: Uranium U308, prices in USD per pound (lb). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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