What is the spot price for uranium?
What is the spot price for uranium?
Energy
| Name | Price | % |
|---|---|---|
| RBOB Gasoline | 2.26 | 1.04 |
| Uranium | 33.75 | – |
| Oil (Brent) | 79.57 | 0.71 |
| Oil (WTI) | 76.68 | 0.99 |
Why are uranium prices going up?
The 64 percent increase from mid-August to mid-September 2021 was largely the result of SPUT using its $300 million of ATM funds. It now potentially has over $1 billion to spend on physical uranium purchases. Two other funds have followed Sprott’s lead, and more may follow.
Why is uranium price increasing?
The 64 percent increase from mid-August to mid-September 2021 was largely the result of SPUT using its $300 million of ATM funds. It now potentially has over $1 billion to spend on physical uranium purchases.
What is the demand for uranium?
The uranium market Annual global demand is 150 million pounds, with nuclear power plants looking to secure contracts roughly two years ahead of use. While uranium demand is not immune to economic downturns, it is less exposed than other industrial metals and commodities.
When is uranium price going up?
Hodge expects to see higher prices for uranium in 2021, and thinks there is potential for the spot price to break past the all-important US$50 level. “I don’t know, do we get to US$50 this
How much does uranium cost per pound?
During 2020, 24% of the uranium delivered was purchased under spot contracts at a weighted-average price of $28.70 per pound. The remaining 76% was purchased under long-term contracts at a weighted-average price of $34.74 per pound (Table 7).
What is the outlook for uranium?
Even so, many experts agree that the long-term outlook for uranium is positive, which bodes well for uranium-producing companies. Demand for the commodity is projected to be 25 percent higher by 2025, the World Nuclear Association says, mainly due to Asia’s growing nuclear energy industry.
How much is uranium worth?
Identified resources recoverable (reasonably assured resources plus inferred resources), to $130/kg U, 1/1/19, from OECD NEA & IAEA, Uranium 2020: Resources, Production and Demand (‘Red Book’). The total recoverable identified resources to $260/kg U is 8.070 million tonnes U. Uranium has been successfully mined since the 1940s.
