If the month of October started with a bang for the U3O8 spot price market, then last week ended with more of a whimper....
Small modular reactors are an innovative option on the horizon for generating clean and reliable electricity as well as process he...
The first of two demonstration Guohe One (CAP1400) reactors at Huaneng Groups Shidaowan site in Chinas Shandong province has been ...
ABB and Blykalla Collaborate on Small Modular Nuclear Reactor Technology in Sweden; https://t.co/Lsu9lCRlpv #NuclearEnergy #NuclearPower #CleanEnergy
— TradeTech (@U3O8TradeTech) November 4, 2024
Uranium Prices - Daily Uranium Spot Price Indicator
TradeTech began publishing a Daily Uranium Spot Price Indicator on March 1, 2011, which reflects data from completed and pending transactions in the uranium spot market.
Recently, TradeTech’s uranium spot price reached a 16-year high of US$91.00 per pound U3O8 in December 2023, climbing more than 90 percent over the year. The rise in market prices is linked to several developments, including increased demand for uranium related to growing global support for nuclear power. Governments that are advancing legislation to mitigate the effects of climate change by achieving net-zero carbon goals now often include funding for existing nuclear power plants, advanced power reactor designs, and domestic supplies of nuclear fuel. Meanwhile, there are also policies at work that are impacting nuclear fuel supply, including restrictions on Russian nuclear fuel imports, which have been drafted in response to Russia’s unprovoked invasion of Ukraine in February 2022.