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Uranium prices reach highest level since February 2024
The end-of-January spot price for uranium was $94.28 per pound, according to uranium fuel provider Cameco. That was the highest spot price posted by the company since the $95.00 per pound it listed at the end of February 2024. Spot prices during 2025 ranged from a low of $64.23 per pound at the end of March to a high of $82.63 per pound at the end of September.
C. H. M. Broeders, G. Kessler
Nuclear Science and Engineering | Volume 156 | Number 1 | May 2007 | Pages 1-23
Technical Paper | doi.org/10.13182/NSE07-A2681
Articles are hosted by Taylor and Francis Online.
Denatured reactor plutonium with a 238Pu isotopic content of ~6% or somewhat more can be produced in a suitably adapted fuel cycle. Several such fuel cycle options are proposed. Reenriched reprocessed 235U/236U/238U, which can be blended with some low-enriched 235U/238U fuel, leads, after one burnup cycle of 50 to 60 GWd/tonne in a pressurized water reactor (PWR) core, to denatured reactor plutonium with more than 8% 238Pu isotopic content. Presently existing reactor plutonium with ~2.8% 238Pu from spent fuel with a burnup of 50 GWd/tonne can also be converted in PWRs, during one or two burnup cycles over 50 to 60 GWd/tonne into denatured reactor plutonium. This is also demonstrated by burnup calculations for different fuel cycle scenarios using, e.g., reenriched reprocessed uranium, thorium, and minor actinides. Denatured reactor plutonium with 6% or somewhat more 238Pu isotopic content can be considered as a proliferation-resistant fuel and could be treated like low-enriched (<20% 235U) uranium fuel. It can be incinerated by multiple recycling in PWRs or fast reactors. Advanced aqueous reprocessing or pyroprocessing as well as related refabrication methods, as they are being developed for transmutation scenarios of the minor actinides, would be best suited for such adapted fuel cycle options. Safeguards needs and aspects for the different proposed fuel cycle options are discussed.