Uranium Price OutlookUranium prices weakened in recent weeks due to upbeat supply-side news. Uranium traded at USD 28.1 per pound on 8 March, which was 2.8% lower than on the same day last month and was down 1.4% on a year-to-date basis. Nevertheless, the price was 26.3% higher than on the same day in 2018 due to the late-year rally, which came on the back of significant supply-cut announcements. Australian company Boss Resources announced on 25 February that its Honeymoon mine in South Australia contained 30% more uranium resources than initially estimated, triggering a decrease in uranium prices on the same day. In addition, Fitch Solutions reported on 27 February that uranium production should rise by 50% in Namibia this year, which would be more than double last year’s growth.
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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