ASX-listed Boss Resources has increased the exploration target over its Honeymoon Uranium Project in South Australia to 58-198 mil...
A team led by Bechtel has completed installation of a 745-ton reactor dome at the Vogtle Nuclear Power Plant in the US State of Ge...
Japan's Economy Ministry is weighing the introduction of a subsidy system paid to electricity producers who use nuclear pl...
Officials say the swollen Missouri River's water level has dropped far enough that a Nebraska nuclear power plant no longe...
On March 22, the USA’s top energy official announced a major US$3.7 billion boost to keep afloat the last remaining commercial n...
Uranium Prices - Daily U3O8 Spot Price Indicator
TradeTech began publishing a Daily U3O8 Spot Price Indicator on March 1, 2011, which reflects data from completed and pending transactions in the uranium spot market.
The uranium spot market has witnessed more vigorous trading activity over the past two years, with a wider range of buyers and sellers, which has led to greater price volatility. In fact, the increase in the spot price in 2010, which climbed above US$60 per pound of uranium oxide (U3O8) for the first time in over two years, was also supported by record spot market activity. Total spot uranium sales volume in 2010 reached 42.8 million pounds U3O8 -- the highest level since 1990.
In addition, a global nuclear power renaissance has been gaining momentum over the past several years and has led to increased uranium spot market activity on an international level. Many nations, particularly in Asia, are engaged in nuclear power expansion programs with upgrades at existing nuclear plants and plans to build new reactors, while others are preparing to launch new nuclear power programs. China’s ambitious nuclear power expansion plan has attracted renewed interest from the financial and investor sectors and helped propel spot price movement in 2010.
Similar to TradeTech’s Weekly U3O8 Spot Price Indicator and monthly NUEXCO Exchange Value®, the Daily U3O8 Spot Price Indicator reflects the company’s judgment of the price at which spot and near-term transactions for significant quantities of natural uranium concentrates could be concluded as of the close of business each day.
Prices are available to clients only. Clients need to login to retrieve a complete list of prices.
