Uranium is Not Publicly Traded
Uranium is a commodity that can’t trade publicly like other commodities such as grains, gold, beef, oil, and natural gas. Instead, buyers and sellers negotiate contracts privately with each other which results in an uneven market price for this scarce resource!
Current Data – Uranium Price Per Pound
What Is Uranium Price Per Pound Today?
As of this writing, prices are hovering around $50 per pound. Current prices and historical prices can be found using the links above.
Historical Data – Uranium Price Per Pound
Fred Economic Research has historical prices in a data chart for the global price of uranium.
Historical data shows that the all time low for this metal was just $7 per pound in 2001. Historical data also shows that just a few short years later uranium reached a high of $137 per pound.
Future Forecasts – Uranium Price Per Pound
Research into the forecasts of the uranium prices per pound show that there will be a dramatic increase in the development of atomic reactors globally which will require a equivalent increase in supply, which will lag demand, causing a reduction in physical inventories while at the same time be responsible for an increase in exploration to meet the unprecedented shortfall in available supply.
Is Uranium Going Up In Price?
Until supply can meet demand, prices will rise dramatically. This rise in prices will benefit companies across the fuel cycle, including suppliers of physical inventories, producers / miners, developers, and explorers. The price of uranium has reached the highest levels since 2014, caused by numerous external factors including financial players, increased demand, and geopolitics. As the key component of nuclear energy, investors continue to bet on increasing demand for uranium as the world looks towards alternative clean air energy sources.
Is Uranium A Good Investment in 2022?
The great news is that data reports the current price per pound remains significantly below the average global price for production of uranium resources needed to balance demand with supply. Uranium market experts fully anticipate the price of uranium to surge significantly in 2022 and beyond as the supply is unlikely to rise in the short term. During the short term, be prepared for volatility as this is an exceedingly small market with few transactions. Wise investors have noted to only invest a small portion of your total investment portfolio into uranium stocks.
Who Buys Uranium?
The owners and operators of nuclear power plants across the globe are the primary purchasers of this heavy metal. This in turn creates clean air energy for the world to power our modern lifestyle.
How Much Demand Is There?
There are approximately 443 reactors in the global fleet in 2022. Demand is forecast to dramatically increase globally with current construction of 51 additional new reactors around the world choosing this clean energy source.
There are many concerns with the supply of uranium for utilities, including geopolitical risks, jurisdictional risks, and the possible loss of domestic uranium mining capabilities and challenges in re-starting the limited number of facilities for converting natural uranium into a form suitable for use in enrichment operations.
New financial buyers are also competing for physical uranium – the Sprott Physical Uranium Trust, Yellow Cake PLC, and the ANU Energy fund were formed to buy and hold the metal for rising prices. Interestingly these are also stocks available for investment by traders and investors alike. Trading tickers for the Sprott Physical Uranium Trust, Yellow Cake PLC, and the ANU Energy fund and many other holdings can be found throughout our site, along with more data about each of these companies, their projects and services, potential inventories of physical, technical tools for analysis, contact information for their business headquarters and news that you can use while determining your investing options.
Who Sells Uranium?
Uranium mining companies (also known as producers) across the globe provide the raw ore needed to produce yellowcake uranium as the next step in the nuclear fuel cycle with the final product being nuclear fuel assemblies installed at power stations around the world.
Uranium Mining Companies
If you are interested in learning about available stocks to invest in, we have over 110+ uranium stocks for you to review in our free community before making your decisions. Create a free account and login for access. Each uranium stocks page has company and project information, financial data, videos, presentations, stock charts, news, discussion groups, forums and more for your analysis. Heck, we have even simplified finding the tickers with our uranium stocks list.
Uranium is a Heavy Metal
Uranium is a radioactive metal that has unique properties that make it ideal for use in nuclear reactors and weapons. It is also used in a variety of other applications, including as a radiation source in cancer treatment and as a tracer in medical imaging.
When mined, uranium ore is extracted from the ground and then milled to extract the uranium compound within it. The resulting yellowcake – a powdery substance that is about 60% uranium oxide – is then shipped to a uranium enrichment facility where it is enriched before being used in reactors or weapons.
The vast majority of uranium ore mined each year is used to fuel nuclear power plants. Uranium enrichment facilities take the extracted yellowcake and enrich it so that it contains a higher concentration of the uranium-235 isotope. This enriched uranium is then used as fuel in nuclear reactors.
Uranium is also used in a variety of other applications, including as a radiation source in cancer treatment and as a tracer in medical imaging. A small amount of uranium is used in the production of civilian nuclear weapons.
The uranium market is small and opaque, with only a handful of major players. This can make it difficult to get accurate pricing information and can lead to wide swings in the price of uranium.
Uranium is a key ingredient in nuclear power plants and its price has been on the rise in recent years as demand for this clean energy source has increased. While there is no public market for uranium, buyers and sellers negotiate contracts privately which has resulted in an uneven market price.
The current increase in price has caused some concern about the future of nuclear energy but it’s important to remember that uranium is a commodity like any other and its price is subject to market forces. Despite the current increase, uranium is still an essential part of the world’s energy mix, and its importance is only expected to grow in the future.
With climate change a growing concern, the world will need all the clean energy sources it can get, and uranium will play an important role in meeting that demand.
Uranium Fuel / Nuclear Fuel
Uranium fuel is the key ingredient in nuclear power plants and its price has been on the rise in recent years as demand for this clean energy source has increased. While there is no public market for uranium, buyers and sellers negotiate contracts privately which has resulted in an uneven market price.
The current increase in price has caused some concern about the future of nuclear energy but it’s important to remember that uranium is a commodity like any other and its price is subject to market forces. Despite the current increase, uranium is still an essential part of the world’s energy mix and its importance is only expected to grow in the future.
Nuclear energy is a critical part of the world’s energy mix and its importance is only expected to grow in the future as we look for cleaner and more efficient ways to produce energy. Nuclear power plants generate around 11% of the world’s electricity and that figure is expected to rise as countries look for ways to meet their increasing energy needs.
Uranium Spot Price
The spot price is the short term price at which buyers and sellers negotiate contracts for the sale of uranium to meet short term needs. The term price is the long term price buyers have established with sellers for the life of the supply contract. There is no public market for uranium as it is not publicly traded like other commodities. Instead, buyers and sellers negotiate privately which has resulted in an uneven market price.
Uranium prices are likely to continue to be volatile in the future but the long-term outlook for nuclear energy remains positive. With climate change a growing concern, the world will need all the clean energy sources it can get and uranium will play an important role in meeting that demand.
Nuclear power plants generate around 11% of the world’s electricity and that figure is expected to rise as countries look for ways to meet their increasing energy needs. Uranium prices are likely to remain volatile in the future but the long-term outlook for nuclear energy remains positive.
Uranium Contracting via Financial Instruments
The standard contract unit is 250 pounds of U3O8 and is traded on New York Mercantile Exchange. Top uranium producers are Kazakhstan, Canada and Australia. The Uranium prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments.
Natural Uranium Feed
Natural uranium feed can be used in some reactors across the globe. These reactors are known as the CANDU (Canada Deuterium Uranium) pressurized heavy-water reactor.
Sprott Physical Uranium Trust
The Sprott Physical Uranium Trust – Stock Symbols – TSX: U, OTC: SRUUF is the largest and only physical uranium fund that invests and holds uranium in the form of U3O8 (yellowcake). The Sprott Physical Uranium Trust offers a secure and investor-friendly exchange-traded investment alternative for those interested in having uranium as part of a portfolio. The trust unit stock is available to U.S. investors as well through the OTC symbol SRUUF.
Sprott Uranium Miners ETF
The Sprott Uranium Miners ETF (Stock Symbol – NYSE: URNM, LSE: URNP) fund seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Global Uranium Mining Index.
The URNM ETF might be an attractive vehicle for you to gain access to uranium for the following reasons:
• URNM is a pure-play uranium ETF which will perform very well with rising uranium prices
• URNM holds both miners and holders of uranium
• URNM is weighted toward junior miners
• URNM is advised by an expert in uranium
We have more than just the 10 Best Uranium Stocks
Here are just a few of the over 110+ individual uranium stocks that could rise dramatically with rising uranium prices and provide opportunities for you as a uranium investor.
- Cameco Corporation
- Sprott Physical Uranium Trust
- Paladin Energy
- Yellow Cake PLC
- Uranium Energy
- NexGen Energy
- Denison Mines Corp
- CGN Mining
- Energy Fuels
- Boss Energy
- Global Atomic
- Fission Uranium
- Encore Energy
- Uranium Royalty Corp.
- Lotus Resources
- Deep Yellow
- Bannerman Energy
- Vimy Resources
- Alligator Energy
- GoviEx Uranium
- Peninsula Energy
- Consolidated Uranium
- UEX Corp.
- Berkeley Energia
- Elevate Uranium
- Lotus Resources
- Global X Uranium ETF
- Global X Uranium UCITS ETF
- Horizons Global Uranium Index ETF
- Sprott Uranium Mining ETF
- VanEck Vectors Uranium+Nuclear Energy ETF
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