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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.
Satoshi Takeda, Takanori Kitada
Nuclear Science and Engineering | Volume 195 | Number 5 | May 2021 | Pages 496-508
Technical Paper | doi.org/10.1080/00295639.2020.1833601
Articles are hosted by Taylor and Francis Online.
We developed a cross-section adjustment method based on Bayesian theory for adjusting the independent cross-section set that is given by dividing the cross-section set. While all cross sections have to be adjusted in the conventional cross-section adjustment method, the independent cross-section set can be individually adjusted in the developed method. In addition, the covariance of cross sections that are assumed to be independent of each other is not adjusted in the developed method. The adjusted cross sections and the covariance are the same in both methods. The cross-section adjustment was performed using the criticality of the light water–moderated uranium benchmark. The result shows that the uncertainty of the multiplication factor is reduced from 0.005 to 0.007 Δk/k to 0.003 to 0.005 Δk/k by the developed method. The reduction is smaller than that by the conventional method since the developed method does not adjust the covariance of cross sections that are assumed to be independent of each other.