The global production of uranium should increase by 3.1 percent to reach 51.2 metric kilotons this year, due to the return of production at Canada’s Cigar Lake and other mines where work was suspended in 2020, according to GlobalData, a U.K.-based data analytics firm.
Uranium provider Cameco has calculated an end-of-July spot price for uranium of $71.10—a decline from the $78.50 of the previous month. Cameco lists a long-term price of $81.00 for July,...
Uranium spot price jumps in June
Uranium provider Cameco has calculated an end-of-June spot price of $78.50 for uranium—a substantial jump from $71.55 the previous month. Cameco continues to list a long-term price of...
GLE completes Paducah Laser Enrichment Facility license application
Global Laser Enrichment announced that it has submitted its safety analysis report to the Nuclear Regulatory Commission for the planned Paducah Laser Enrichment Facility (PLEF). This follows...
Uranium prices boosted through May’s end
Uranium futures rose to $71.90 per pound on June 2, according to online analysis firm Trading Economics. That price was near its highest level since early February—in contrast to an 18-month...
GLE begins TRL-6 demonstration enrichment
Global Laser Enrichment has commenced uranium enrichment demonstration testing at its test loop pilot facility at the company’s headquarters in Wilmington, N.C. The technology readiness...
Uncertainty contributes to lowest uranium spot prices in 18 months
A combination of plentiful supply and uncertain demand resulted in spot pricing for uranium closing out March below $64 per pound, with dips down to about $63.50 during mid-March—the lowest...
Kazakhstan is ready to power the world’s green transition
As Western countries accelerate their decarbonization efforts, nuclear power is set to play a key role in achieving net-zero emissions by 2050. For instance, the United Kingdom’s goal of...
U.S. uranium production up as companies press “go” on dormant operations
U.S. uranium production increased throughout 2024, with more growth planned in 2025. The producers who can make that happen, however, were burned before by a “renaissance” that didn’t...
Sufficient supply, uncertain demand influence uranium markets
Uranium futures closed out February at about $65.55 per pound, according to online analysist firm Trading Economics. Futures prices have been below $66 per pound since mid-February....
Uranium spot price closes out 2024 at $72.63/lb
The uranium market closed out 2024 with a spot price of $72.63 per pound and a long-term price of $80.50 per pound, according to global uranium provider Cameco....
