U308 $52.50/lb (Effective: Jan 23, 2012 price is unchanged +/-0.00 from week prior): Long term price support comes from international competition for the commodity as a result of escalating nuclear programs in nations such as India and China. According to the World Nuclear Association there are official plans in the works worldwide for 547 new reactors (either under construction, planned, or proposed).

Click to see NYMEX Uranium Futures => Uranium Futures - NYMEX

Uranium/Nuclear focused ETFs: Click to see Global X Uranium ETF (URA) => Uranium ETF - NYSE (fund's components here)

Other uranium related ETF style investment vehicles (focused on nuclear energy but are not limited to uranium mining and are not direct competition for URA): Market Vectors Nuclear Energy (NLR), Barclays iShares Global Nuclear Energy (NUCL) and PowerShares Global Nuclear Energy (PKN)

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Demand Side: Governments worldwide struggle for solutions to control green house gas emissions and produce affordable energy; nuclear power is the cleanest, least expensive and most secure source of electricity. There are currently 440 operational nuclear reactors world wide and that number is expected to grow significantly within the next decade.

May 12 Eureka over uranium? Sides dig in over mineral - Denver Post 

440 Active Reactors (as of Q3 2011)

Table of World Nuclear Reactors 2011 & Uranium Requirements <= Source; World Nuclear Assoc.

Sources & Ledger:

Operating = Connected to the grid;
Building/Construction = first concrete for reactor poured, or major refurbishment under way;
Planned = Approvals, funding or major commitment in place, mostly expected in operation within 8-10 years;
Proposed = Specific program or site proposals, expected operation mostly within 15 years.

New plants coming on line are balanced by old plants being retired. Over 1996-2009, 43 reactors were retired as 49 started operation. There are no firm projections for retirements over the period covered by this Table, but WNA estimates that at least 60 of those now operating will close by 2030, most being small plants. The 2009 WNA Market Report reference case has 143 reactors closing by 2030.

TWh = Terawatt-hours (billion kilowatt-hours), MWe = Megawatt (electrical as distinct from thermal), kWh = kilowatt-hour.

68,971 tU = 81,338 t U3O8

** The world total includes 6 reactors operating on Taiwan with a combined capacity of 4927 MWe, which generated a total of 39.9 billion kWh in 2010 (accounting for 19.3% of Taiwan's total electricity generation). Taiwan has two reactors under construction with a combined capacity of 2700 MWe, and one proposed, 1350 MWe. U demand of 1344 t is expected in 2011.

Recent selected writings on factors affecting price:

Dec 6/11 Uranium Term Prices Slip - Peel

Nov 29/11 Spot uranium prices continue slide, trade at about $52 a pound U308 - Platts

Nov 22/11 Another false dawn for uranium - Peel

Nov 15/11 Uranium awakes - Peel

Nov 9/11 Uranium spot price Tuesday stands at $52.25/lb U3O8 - Platts

Nov 1/11 Uranium Goes Nowhere in a Hurry - Peel

Oct 25/11 Uranium Market Distracted - Peel

Oct 4/11 Uranium Contract Prices Slip - Peel

Sep 27/11 Volatility Hits Uranium - Peel

Sep 13/11 Spot uranium price increases, momentum seen ending though- Platts

Sep 7/11 Recent rally in spot uranium prices may have stalled, analysts say - Platts

Sep 7/11 Uranium price posts gain - IF&P

Sep 6/11 Uranium spot prices drop - AAP

Aug 31/11 Uranium transactions fall to raise spot price - IF&P

Aug 24/11 Summer slowdown and uncertainty make for quiet uranium market - IF&P

Aug 23/11 Uranium drops below $50 - Peel

Aug 22/11 Uranium Spot Market a ‘Ghost Town’ With No Price Change, Ux Says - Bloomberg

Aug 15/11 Uranium Spot Prices Fall as Holiday Season Cuts Demand, Ux Consulting Says - Bloomberg

Aug 9/11 Uranium Price Drifting - Peel

Aug 3/11 Small gains for uranium - IF&P

Aug 2/11 Uranium Spot Prices Increase as Investors Enter Market, Ux Says - Bloomberg

Aug 2/11 Uranium Edges Up - Peel

Jul 27/11 Uranium price contracts as new material enters market - IF&P

Jul 26/11 Uranium Remains Under Pressure - Peel

Jul 19/11 Uranium spot price again slips and is likely to remain under pressure - Platts

Jul 13/11 Uranium spot price experiences better week - IF&P

Jul 5/11 Uranium Spot Prices Fall Amid Weak Investor Demand, Ux Says - Bloomberg

Jul 4/11 Uranium: This Time It's Different - Peel

Jun 28/11 Uranium Buyers Cautious - Peel

Jun 21/11 Pressure Lingers for Uranium - Peel

Jun 7/11 Uranium Goes Quiet - Peel

Jun 4/11 TradeTech Uranium Spot Price Stabilizes Amid Market Uncertainty - RIN

May 25/11 Uranium prices edge upward - IF&P

May 24/11 Uranium Rumour Wanes - FNArena

May 10/11 A Bottom Now Seen in Uranium? - Peel

May 2/11 Uranium Spot Prices Decline in ‘Disinterested’ Market, Ux Says - Bloomberg

Apr 20/11 Uranium spot price slips to $57/lb U308 in light market activity - Platts

Apr 19/11 Uranium Prices Ease Slightly - FN24

Apr 13/11 Uranium spot market quiet - IF&P

Apr 11/11 Uranium Prices Drop as Demand Declines on Japan Crisis, Ux Says - Bloomberg

Apr 5/11 Uranium spot price appears to settle into narrow range: analysts - Platts

Mar 29/11 Spot Uranium Bounces - FN24

Mar 22/11 Spot uranium price jumps on weekend deals, regains last week's losses - Platts

Mar 8/11 Uranium Drops 4.7% After U.S. Approves Fuel Transfers, UxC Says - Bloomberg

Mar 1/11 Uranium Rises 1.5% as Supplies Show Signs of Thinning, UxC Says - Bloomberg

Mar 1/11 Spot Uranium Stabilising - Peel

Feb 23/11 Uranium spot prices falls on reported sales by Chinese utility - Platts

Feb 23/11 Uranium decline nothing to fear - FP

Feb 21/11 Uranium Falls 6% on ‘Non-Traditional Seller,’ TradeTech Says - Bloomberg

Feb 14/11 Uranium Consolidates - Peel

Feb 9/11 Uranium price stabilises after recent rally - IF&P

Feb 8/11 Uranium Still Trending Up - Peel

Feb 7/11 Uranium Breaking Out - Pierce

Feb 2/11 Uranium spot price rises 17% MoM - IF&P

Feb 1/11 Uranium has biggest monthly surge since June 2007 - FP

Jan 26/11 Uranium spot price hits - IF&P

Jan 25/11 Spot Uranium Nears US$70/lb - Shaw

Jan 18/11 Uranium Prices Increase 3 Percent; Traders Focus on $70 a Pound - Bloomberg

Jan 13/11 First week of January sees strong rise in uranium prices - IF&P

Jan 11/11 Uranium surges on potential shortfalls - FP

Jan 11/11 New Year high for uranium price - WNN

Jan 5/11 Uranium prices remain stable for third week running at end 2010 - IFP

Dec 29/10 Spot uranium prices unchanged on light market activity - Platts

Dec 15/10 Uranium spot prices rebound on 'extremely thin' supply - Platts

Dec 14/10 Uranium Ticks Higher - MSN9

Dec 8/10 Uranium price slips as buyer interest wanes - IF&P

Dec 1/10 Uranium on the move - Aust. WSJ

Nov 23/10 Spot uranium prices continue to slowly rise, despite few deals - Platts

Nov 23/10 Uranium Trying To Breach US$60/pound - 9msn

Nov 17/10 Uranium makes more gains (up $1 to 59.50) - IF&P

Nov 10/10 Uranium spot price jumps to US$58.50 - IF&P

Nov 9/10 Uranium prices on the upswing after long lull - Globe and Mail

Nov 2/10 Uranium Climbs in Past Week as Monthly Transactions Hit Record, UxC Says - Bloomberg

Oct 27/10 Uranium spot price continues to firm up - IF&P

Oct 19/10 Spot Uranium Price Creeps Higher - NineMSN

Oct. 12/10 Uranium Market Heats Up - FNArena

Oct 5/10 Uranium Prices Creeping Higher - FNAreana

Sep 29/10 Uranium spot price slips - IF&P

Sep 14/10 Spot Uranium Market Zooming In ON US$50 - FNarena

Sep 9/10 Uranium spot price soars about $2.50/lb, partly on demand spike - Platts

Sep 1/10 Spot uranium price dives before making recovery - Platts

Aug 4/10 Uranium prices rally as market gets boost - IFP

Aug 3/10 Stand-Off Developing in Spot Uranium Market - FNArena

May 4/10 Spot Uranium Adds Another US25c - FNArena

Apr 27/10 Increased Demand For Uranium - 9msn

Apr 21/10 Spot Uranium At US$41.25 - 9MSN

Apr 6/10 Uranium Spot Market Prices Weaken Slightly - FNArena

Mar 30/10 Uranium Continues To Inch Up - MSN$

Mar 4/10 Spot Uranium Falls To US$40.50 - Commentary

Feb 22/10 Spot Uranium Remains Under Downward Pressure - MSN$

Feb 16/10 Spot Uranium Remains Under Pressure - FN24

Jan 27/10 Uranium Continues Its Retreat - MSN$

Nov 25/09 Spot Uranium: Still Falling - MSN$

Oct 29/09 Spot Uranium on the Rise - FNArena

Sep 29/09 Uranium Spot Stedies Amidst Deal Frenzy - FNArena

Sep 22/09 - Uranium the Long and Short of it - FNArena

Sep 1/09 Uranium stuck in cool spot - FP

Jun 22/09 Uranium Rises to Seven-Month High as Energy Commodities Gain - Bloomberg

Apr 27/09 Uranium Rises for a Second Week on Speculation About ETF Buying - Bloomberg

Apr 20/09 Uranium Rises First Time in Six Months on Output Cut, Purchases - Bloomberg

Mar 17/09 No Signs of Improvements for Uranium - FNArena

Mar 1/091 Cameco CEO sees uranium supply crunch and M&A - CFrench

Mar 11/09 Uranium’s supply/demand fundamentals positive going forward - Louie Paquette

Mar 6/09 Russia nuclear chief sees uranium price rise in '09 - Reuters

Jan 28/09 Uranium Tumbles Below US$50 - Filapek

Dec 22/08 Uranium Declines as Investors Sell, Utilities Delay Purchases - Bloomberg

Nov 24/08 Uranium Price, Trading Rise for Fourth Week as Output Curbed - Bloomberg

Nov 18/08 Spot uranium rises to US$53 per lb - MiningJ

Nov 11/08 Recent closure of the Dominion mine in South Africa has restricted supply, allowing uranium oxide prices to firm up - Mineweb

Oct 20/08 When is the Uranium Price Going Up? - Ridley

Oct 13/08 Uranium Falls to January 2006 Level as Utilities Seek Bargains - Bloomberg

Oct 8/08 JPMorgan Cuts Uranium Price Forecasts, Citing Crisis - Bloomberg

Oct 1/08 Uranium prices fall again as credit crunch bites - MineWeb

Sep 23/08 Chaotic Markets See Spot Uranium slide - FN Arena of Trade Tech

Sep 18/08 First Uranium Sees Contract Prices as Much as $90 - Bloomberg

Sep 12/08 Trade Tech Spot Price Commentary - Co News

Sep 2/08 August Flat For Uranium - FN Arena

Aug 20/08 US$64.50 It Is For Spot Uranium - FN24

Aug 13/08 Uranium spot price flat; producers and explorers down, Uranium futures continue to paint a bright picture - StkH

July 28/08 Uranium price trending higher - StkH

July 15/08 Spot uranium price climbs with Nufcor raising cash - Reuters

July 11/08 Uranium price set for two-year recovery - MiningMX

July 11/08 Uranium price set for comeback - Fin24

July 4/08 Pluses and minuses for uranium prices - IBTimes

June 23/08 Uranium to Fetch $90 as Indian Reactors Drive Demand - Bloomberg

June 1/08 Spot uranium falls – again - $Web

May 20/08 Uranium Price Slump Unlikely to Extend Further - RI

May 6/08 Spot Uranium Bottoming? - FNArena

Apr 23/08 Uranium falls further, but demand expected to remain constant - FP

Apr 15/08 Spot uranium price falls to $68/lb - Reuters

Apr 14/08 Uranium Falls to 16-Month Low on Surplus Supply, TradeTech Says - Bloomberg

Apr 8/08 Spot Price Remains Unchanged - No Transactions or Demand - FNArena

Apr 4/08 Real uranium price should be $120/lb, Wits prof tells conference - Creamer

Mar 25/08 Uranium price could hit $US105/lb by September - MineWeb

Mar 25/08 Spot Uranium Remains at US$74/lb - FN24

Mar 10/08 ‘Equivalent’ uranium price should be $120/lb, Wits prof tells conference - MiningW

Mar 6/08 Uranium Price Review - FN24

Mar 5/08 Spot the uranium price in "sweet Spot" - $Web

Mar 4/08 Near-term uranium prices expected to weaken - FP

Feb 28/08 Denison Mines says uranium price near bottom - Reuters

Feb 19/08 Spot Uranium Stays at US$75/lb - FN24

Feb 4/08 Uranium prices seen "choppy" on low output - Reuters

Feb 1/08 Uranium demand will stay high, says miner - SMH

Feb 1/08 Energy Resources says realized uranium price to rise - MktW

Jan 29/08 Uranium Drops to Three-Month Low as Supply Expands - Bloomberg

Jan 29/08 Uranium stocks suffer . . . again - MoneyWeb

Jan 22/08 Strong demand to boost spot uranium price in 2008 - Reuters

Jan 21/08 Uranium Price Drops 6% as Trading Volume Dwindles - Bloomberg

Jan 17/08 $90/lb-$100/lb uranium price outlook, says researcher - MiningW

Dec 10/07 Salman Partners says uranium may hit $200/lb threshold in 2008 - MineWeb

Nov 29/07 Uranium at $150/lb within a year - MiningMX on Uranium One CEO

Nov 19/07 Spot U3O8 remains at US$93/lb - FNArena

Nov 8/07 Uranium shows signs of further strength as prices climb above US$90 - NP

Nov 7/07 Spot uranium up to $90/lb this week, seen higher - Reuters

Nov 4/07 TradeTech Uranium Price Continues to Strengthen - Trade Tech

Oct 29/07 Uranium prices climb again as speculators and hedge funds renew interest - NatPost

Oct 29/07 Speculators aid uranium price - SMH

Oct 25/07 Financial players may be key to uranium spot price resurgence - NP

Oct 25/07 Uranium prices hit bottom: Analyst - NP

Oct 23/07 Uranium prices rise again - FP

Oct 18/07 Paladin Says Uranium May Rise to $110 a Pound in First Quarter - Bloomberg

Oct 10/07 UBS Investment Bank analysts led by Dan Brebner in London lowered their 2008 estimate for the nuclear fuel to $95 a pound from $196.25 - Bloomberg Excerpt

Oct 3/07 Spot uranium down to US$75/lb as more metal available - MiningJ

Oct 1/07 Uranium price bounce expected with more nuclear stations planned - Citywire

Sep 24/07 Australia says 2008 uranium prices could fall on increased production - CMJ

Sep 19/07 Uranium Will Trade at $85 to $100 a Pound, RBC Dominion Says - Bloomberg

Sep 18/07 Targets on uranium stocks cut (US$75 forecasted by Raymond James) - G&M

Sep 7/07 Uranium One Says Price of Commodity to Rise to $150 - Bloomberg

Sep 6/07 Paladin bullish on uranium price - AAP

Sep 4/07 Uranium prices fall to six-month low - Money Web

Sep 4/07 Another Week, Another Decline For Spot Uranium - FN24

Aug 28/07 Trade Tech Puts Spot Uranium At US $95/lb - FN Arena

Aug 21/07 Spot uranium falls to US$90/lb - MiningJ

Aug 15/07 Uranium prices drop 24% - Purchasing

Aug 13/07 Uranium Falls to Lowest Since March, TradeTech Says - Bloomberg

Aug 13/07 Uranium in drop zone - Herald Sun

Aug 9/07 Slump dims uranium's spot price - Bloomberg

Aug 8/07 Spot uranium ticking lower - G&M

Jul 31/07 Uranium Prices Tumble Again After Steady Week - SeekA

Jul 30/07 Uranium Supplies Rise, Demand Is Unchanged, TradeTech Says - Bloomberg

Jul 30/07 Uranium Down - Airview

Jul 30/07 Uranium Price to Recover, Set New Records - Reuters

Jul 27/07 Uranium prices see largest weekly dip ever - FP

Jul 27/07 Uranium falls after Japan nuclear leak - FinT

Jul 25/07 Uranium spot price drops again to US$120 a pound; RBC forecasts further decay (Uranium-Prices) - CP

Jul 24/07 Spot uranium drops again - G&M

Jul 24/07 Cameco's series of unfortunate events - G&M

Jul 24/07 Cameco Production Delay May Cause Uranium Price Hike - SeekA

Jul 17/07 Northern Continental Resources Inc.: Diamond Drilling Begins on the Russell Lake Uranium Project - CP

Jul 16/07 Spot uranium back below US$130lb - FNArena

Jul 16/07 Spot uranium price drops third straight week - StockInterview

Jul 9/07 Uranium Bull Market Far From Over - SeekA

Jul 9/07 Spot Uranium Price Drops, But Niger Rebels Pressure Miners - SeekA

Jul 3/07 Uranium price falls for first time in four years - MiningJ

Jul 2/07 Spot Uranium Price Declines - Finch

Jun 25/07 Australian broker sees longevity in high spot uranium price - SCrossEqR

Jun 25/07 Uranium Demand Showing Price Weakness - Finch

Jun 11/07 Uranium prices could rise further with new auctions this week – prices should peak in 2007 and 2008, RBC says - NatPost

Jun 11/07 Uranium will peak in 2009, Lehman says - Moneyweb

Jun 11/07 Four Uranium Auctions in 17 Days - Resurcex

Jun 5/07 Uranium prices continue to climb - G&M

Jun 5/07 Uranium May Reach $200 in Two Years, Macquarie Says - Bloomberg

Jun 5/07 Uranium price still bubbling - FP

Jun 1/07 Uranium market heating up - Nat Post

Historical Values (in USD) - month end close price:

• Dec 11 $51.75

• Nov 11 $51.75

• Oct 11 $52.00

• Sep 11 $52.50

• Aug 11 $49.00

• Jul 11 $51.75

• Jun 11 $54.25

• May 11 $57.50

• Apr 11 $55.50

• Mar 11 $62.50

• Feb 11 $69.75

• Jan 11 $72.00

• Dec 10 $62.50

• Nov 10 $61.00

• Oct 10 $52.00

• Sep 10 $46.50

• Aug 10 $45.00

• Jul 10 $43.50

• Jun 10 $41.75

• May 10 $40.75

• Apr 10 $41.75

• Mar 10 $42.00

• Feb 10 $41.75

• Jan 10 $42.50

• Dec 09 $45.00

• Nov 09 $45.50

• Oct 09 $49.50

• Sep 09 $42.50

• Aug 09 $47.00

• Jul 09 $47.00

• Jun 09 $52.00

• May 09 $50.00

• Apr 09 $42.00

• Mar 09 $42.00

• Feb 09 $45.00

• Jan 09 $50.00

• Dec 08 $53.00

• Nov 08 $55.00

• Oct 08 $45.00

• Sep 08 $55.55

• Aug 08 $64.50

• July 08 $64.50

• June 08 $59.00

• May 08 $60.00

• Apr 08 $65.00

• Mar 08 $71.00

• Feb 08 $73.00

• Jan 08 $78.00

• Dec 07 $90.00

• Nov 07 $93.00

• Oct 07 $84.00

• Sep 07 $85.00

• Aug 07 $90.00

• Jul 07 $120.00

• Jun 07 $138.00

• May 07 $133.00

• Apr 07 $113.00

• Mar 07 $95.00

• Feb 07 $85.00

• Jan 07 $75.00

• Dec 06 $72.00

• Nov 06 $63.00

• Oct 06 $60.00

• Sep 06 $54.00

• Aug 06 $48.50

• Jul 06 $47.25

• Jun 06 $45.50

• May 06 $43.00

• Apr 06 $41.50

• Mar 06 $40.50

• Feb 06 $38.25

• Jan 06 $37.50

• Dec 05 $36.25

• Nov 05 $34.50

• Oct 05 $33.00

• Sep 05 $31.00

• Aug 05 $30.20

• July 05 $29.50

• Jun 05 $29.00

• May 05 $29.00

• Apr 05 $24.00

• Mar 05 $22.50

• Feb 05 $21.80

• Jan. 05 $21.00

• Dec. 04 $20.70

• Nov. 04 $20.50

• Oct. 04 $19.90

• Aug. 04 $19.25

• Jan 04 $15.50

• Jan 03 $10.30

• Jan 02 $9.60

* Considerations in determining spot price of Uranium: Data from recently completed transactions, data from pending transactions, firm bids to buy or borrow, firm offers to sell or lend, prices purchasers have expressed a willingness to pay but for which we are not aware of firm bids to buy, and prices sellers have expressed a willingness to accept but for which we are not aware of firm offers to sell. (Considerations not used in determining spot price: prices associated with deliveries under old or renegotiated contracts, or other than arm's-length transactions, charges for transportation other than that customarily provided by suppliers, and  prices of services or materials delivered under long-term contracts with primary suppliers).