Uranium spot price drops

August 7, 2025, 7:07AMNuclear News

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, which is the same price that was listed in January. From February to June, the long-term price was $80.00.

Uranium futures were about $71.45 per pound on August 4, according to online analysis firm Trading Economics, which noted that continued prices near $71.50 are maintaining the price drop from the seven-month high of $79.00 in mid-June. The relatively low prices are related to a lack of buying from holding funds, which have received lowered bids from utilities. Nevertheless, uranium prices are higher at this point, compared with the $63.70 price in mid-March this year.

Uranium prices continue downward trend, but uptick expected

September 6, 2024, 12:00PMANS Nuclear Cafe
Uranium prices since January 1, 2024. (Data source: TradingEconomics.com)

Uranium prices were about $79.60 per pound as of the close of business on September 3, which put prices near their lowest level since November 2023, according to the website Trading Economics. Since the beginning of 2024, uranium prices have decreased $11.40/lb, or 12.53 percent, based on trading on a contract for difference (CFD) that tracks the benchmark market.

ENEC inks deal with Kazatomprom, MOUs with TerraPower, GEH

December 5, 2023, 3:00PMNuclear News
Kassym-Jomart Tokayev, president of Kazakhstan (standing), looks on as the commercial uranium fuel supply contract between ENEC and Kazatomprom is signed. (Photo: Kazatomprom)

On the margins of the COP28 climate conference in Dubai, UAE, this week, Barakah nuclear plant owner Emirates Nuclear Energy Corporation (ENEC) signed its first commercial uranium fuel supply contract with Kazatomprom, in addition to memorandums of understanding with two U.S.-based advanced reactor developers—TerraPower and GE Hitachi Nuclear Energy (GEH).

Industry, IAEA form panel to address global challenges

September 28, 2021, 7:18AMNuclear News

More than a dozen of the world’s leading nuclear industry executives have teamed up with the International Atomic Energy Agency to form the Group of Vienna, with the aim of using nuclear technologies to address global challenges, including climate change, disease, and hunger.

Kazatomprom to continue reduced uranium production through 2022

August 25, 2020, 9:28AMNuclear News

Kazatomprom is extending uranium production cuts. Photo: Kazatomprom

Kazatomprom, Kazakhstan’s state-owned uranium production company, will continue “flexing down” production by 20 percent through 2022, compared to the planned levels under subsoil use contracts, the company announced last week. It will also maintain its 20 percent reduction against subsoil use contracts in 2021, with no additional production planned to replace volumes lost in 2020 due to measures taken to combat COVID-19.

Kazatomprom does not expect to return to full subsoil use contract production levels until a sustained market recovery is evident and demand and supply conditions signal a need for more uranium, the company noted.