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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.
Benjamin R. Betzler, David Chandler, Eva E. Davidson (née Sunny), Germina Ilas
Nuclear Science and Engineering | Volume 187 | Number 1 | July 2017 | Pages 81-99
Technical Paper | doi.org/10.1080/00295639.2017.1292090
Articles are hosted by Taylor and Francis Online.
A high-fidelity model of the High Flux Isotope Reactor (HFIR) with a low-enriched uranium (LEU) fuel design and a representative experiment loading has been developed to serve as a new reference model for LEU conversion studies. With the exception of the fuel elements, this HFIR LEU model is completely consistent with the current highly enriched uranium HFIR model. Results obtained with the new LEU model provide a baseline for analysis of alternate LEU fuel designs and further optimization studies.
The newly developed HFIR LEU model has an explicit representation of the HFIR-specific involute fuel plate geometry, including the within-plate fuel meat contouring, and a detailed geometry model of the fuel element side plates. Such high-fidelity models are necessary to accurately account for the self-shielding from 238U and the depletion of absorber materials present in the side plates. In addition, a method was developed to account for fuel swelling in the high-density LEU fuel plates during the depletion simulation. Calculated time-dependent metrics for the HFIR LEU model include fission rate and cumulative fission density distributions, flux and reaction rates for relevant experiment locations, point kinetics data, and reactivity coefficients.