While thermal coal has shown a striking surge, natural gas has rebounded and crude oil is up more than 70% from a 13-year low in January 2016, uranium has been consistently weak this year.
The price of U3O8 is down 45% in 2016, and the average price fell 4.8% last week, stopping at $ 18.75 a pound. Current levels are the lowest for uranium since mid-2004. Today's price can also be compared to the all-time high of almost $ 140 per pound, reached in June 2007. In the long term, the price will languish at about $ 36 per ton.
The weakness of uranium persists despite strong fundamentals associated with reactors built in recent years - 66 in total, mostly in China. Therefore, global uranium consumption is expected to increase by one fifth from today's levels. Currently, approximately 173 million pounds of uranium per year are needed to power more than 400 reactors around the world.
+38 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- Today
13:00 13:00 12:00 Export quotas for scrap. Can't they be executed or pardoned? 11:00 They had long been warned about this toxic South Coordinations, as well as in general the stock casino market 10:00 In the analytical center at the Ministry of Energy, I really need 10:00 "There's no money, but you're holding on" 08:00 Forecast of the Institute of VEB prices for main raw materials in 2025-28 - 02 July 2025
21:00 We invite Voices to Cherepovets and Vologda to the Voices Film Festival!
Publications
02.07 How to choose furniture in the hallway: secrets of comfort and amenities at the very beginning of your home 30.06 The choice of summer rubber 01.07 Half -dimensional naivni pidlog: 01.07 Aerated concrete blocks from the company ceramic fest 29.06 Cast iron baths in the Sanok online store
