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Until 1985 the Western uranium industry was producing material much faster than nuclear power plants and military programs were consuming it. The spot price for uranium fell, [7]: 195 leaving the price below $10 per pound for yellowcake by year-end 1989. [10] With the price of uranium low, investment in uranium mining decreased.
Monthly uranium spot price in USD per pound from 1980 to 2011. The 2007 price peak is clearly visible. [1]The uranium bubble of 2007 was a period of nearly exponential growth in the price of natural uranium, starting in 2005 [2] and peaking at roughly $300/kg (or ~$135/lb) in mid-2007.
The average spot price of uranium oxide (U 3 O 8) increased from $7.92 per pound in 2001 to $39.48 per pound ($87.04/kg) in 2006. [7] In 2011 the United States mined 9% of the uranium consumed by its nuclear power plants. [8] The remainder was imported, principally from Russia and Kazakhstan (38%), Canada, and Australia.
The uranium spot price increased 88.54% last year, with the majority of this occurring in a rapid, almost straight upward movement during the latter half of the year. As such, we believe a natural correction within the broader context of a bullish market cycle is a healthy sign of a functioning market… fundamentals continue to strengthen with ...
A blockchain platform and a uranium trading company launched a marketplace on Tuesday to allow small investors to buy physical uranium, hoping to boost spot liquidity in the niche commodity.
Much of the activity driving up uranium prices has come from the Sprott Physical Uranium Trust as opposed to utilities or producers, the bank said.
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World uranium reserves in 2010. Uranium reserves are reserves of recoverable uranium, regardless of isotope, based on a set market price. The list given here is based on Uranium 2020: Resources, Production and Demand, a joint report by the OECD Nuclear Energy Agency and the International Atomic Energy Agency. [1] Figures are given in metric ...