Uranium Price OutlookUranium prices showed resilience in recent weeks and traded at USD 28.9 per pound on 8 February, which was up 0.9% from the same day last month. Moreover, the price was 1.4% higher on a year-to-date basis and was up 29.9% from the same day a year earlier. Although prices have continued to benefit from lower global production since early 2018, several factors currently pose downside risks to prices. Most notably, the possibility of increased U.S. restrictions on uranium imports could weigh on prices. Currently, the U.S. imports over 90% of its uranium needs so a government decision due by 14 April on whether to increase restrictions could reduce demand for uranium from domestic nuclear power companies. Moreover, the suspension of work on a multi-billion-dollar nuclear plant in the UK, announced in January, represents a further blow to the nuclear industry.
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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