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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.
Blair P. Bromley, Geoffrey W. R. Edwards, Pranavan Sambavalingam
Nuclear Science and Engineering | Volume 182 | Number 3 | March 2016 | Pages 263-286
Technical Paper | doi.org/10.13182/NSE15-19
Articles are hosted by Taylor and Francis Online.
Lattice and core physics modeling and calculations have been performed to quantify the impact of power/flux levels and power history on the reactivity and achievable burnup for 35-element fuel bundles made with thorium-based fuels, such as (Pu,Th)O2 and (233U,Th)O2. These bundles are designed to produce on the order of 20 MWd/kg burnup in homogeneous cores in a 700-MW(electric)–class pressure-tube heavy water reactor, operating on a once-through thorium cycle. Methods have been developed to model time-dependent power histories in lattice physics calculations that are more consistent with core physics analysis results. Results demonstrate that the impact of power/flux level and the modeling of time-dependent power histories on the core power distributions and achievable fuel burnup are modest for Pu/Th fuels but are more significant for 233U/Th fuels. Thus, to reduce the neutron capture rate in 233Pa and to increase fuel burnup and fissile utilization, there may be an incentive to develop solutions to reduce the time-average specific power in the fuel.