Uranium Price OutlookUranium prices continued their ongoing rally in recent weeks amid production cutbacks. On 2 November, uranium traded at USD 27.9 per pound, which was 1.8% higher than on the same day last month. Furthermore, the price was up 17.5% on a year-to-date basis and was 39.8% higher than on the same day in 2017. Prices were first supported by reports in mid-October that a project to open a uranium mine in Spain was rejected by the government. Then, on 23 October, Kazatomprom—the world’s largest producer—cut its production forecast for 2018 by nearly 20.0%, and announced further output cuts of around 20.0% a year in 2019 and 2020, further helping prices.
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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