Uranium prices averaged USD 79.98 per pound in September, down 1.4% from August. On 30 September, the commodity traded at USD 81.75 per pound, up 3.2% from 30 August.
Having skyrocketed since late 2021, uranium prices have retreated somewhat in recent months. In September, the International Energy Agency said that, in its most optimistic forecast, installed nuclear power will rise 2.5 times by 2050—falling short of the UN’s widely reported December 2023 pledge to triple capacity.
This chart displays Uranium (US$/lb) from 2022 to 2024.
Uranium U3O8 (prices in US$/lb, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Uranium U3O8 | 50.39 | 50.95 | 50.95 | 72.06 | 96.40 | 88.85 | 81.98 | - |