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.
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- 11 July 2025
20:00 Subscribers in the comments to the previous post write 18:00 We finalize the Innoprom 2025 info -led the results of the environmental strategy of the MMK group 18:00 The best welders of the Severstal Steel Solutions Group of companies competed among themselves in a professional skills competition! 16:00 In recent years, China has been striving to restrain “blind expansion” in the industry 16:00 Our colleagues, employees of the company from various structural divisions, visited the industrial site of MMK PJSC 16:00 For the first time on the stage of Cherepovets, the artists of the Bolshoi Theater 15:00 HTTPS://VVV. Riversft.ru/vp-content/pulods/2025/07/ro-Digital-Teh-Russia-10_07_2025.PDF 14:00 The court granted the claim of the Prosecutor General's Office to seize the shares of Yuzhuralzolot
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