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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.
Anthony Michael Scopatz
Nuclear Science and Engineering | Volume 186 | Number 1 | April 2017 | Pages 83-97
Technical Paper | doi.org/10.1080/00295639.2016.1272384
Articles are hosted by Taylor and Francis Online.
A method for quickly determining deployment schedules that meet any given fuel cycle demands is presented here. This algorithm is fast enough to perform in situ within low-fidelity fuel cycle simulators. It uses Gaussian process regression models to predict the production curve as a function of time and the number of deployed facilities. Each of these predictions is measured against the demand curve using the dynamic time warping distance. The minimum-distance deployment schedule is evaluated in a full fuel cycle simulation, and the generated production curve then informs the model on the next optimization iteration. The method converges within five to ten iterations to a distance that is less than 1% of the total deployable production. This speed of convergence makes it suitable for use even when fuel cycle realizations are expensive, as in higher-fidelity or agent-based simulators. A representative once-through fuel cycle is used to demonstrate the methodology for reactor deployment. However, the algorithm itself is multivariate and may be used to determine the deployment schedules of many facility types that meet a number of independent criteria simultaneously. The once-through, electricity production example was chosen for the simplicity of illustrating the method.