In support of the Biden-Harris Administration’s Investing in America agenda, the US Department of Energy (DOE) has announced up ...
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Uranium Prices - Daily Uranium Spot Price Indicator
TradeTech began publishing a Daily Uranium Spot Price Indicator on March 1, 2011, which reflects data from completed and pending transactions in the uranium spot market.
Recently, TradeTech’s uranium spot price reached a 16-year high of US$91.00 per pound U3O8 in December 2023, climbing more than 90 percent over the year. The rise in market prices is linked to several developments, including increased demand for uranium related to growing global support for nuclear power. Governments that are advancing legislation to mitigate the effects of climate change by achieving net-zero carbon goals now often include funding for existing nuclear power plants, advanced power reactor designs, and domestic supplies of nuclear fuel. Meanwhile, there are also policies at work that are impacting nuclear fuel supply, including restrictions on Russian nuclear fuel imports, which have been drafted in response to Russia’s unprovoked invasion of Ukraine in February 2022.
