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Uranium Miner conducts a weekly review of several major uranium suppliers, auctions, and brokerages to ascertain the market price of U3O8 per pound in US dollars.

 

Current Price: 

 

U308 $18.25/lb* Effective November 28, 2016 (changed -$0.25 from survey 1 week ago).: International supply shortages of uranium, along with escalating nuclear programs in nations such as India and China. According to the World Nuclear Association there are official plans in the works worldwide (as of Q3 2016) for 572 new reactors (either under construction, planned, or proposed).

 

* 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).

 

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 (as of Q3 2016) 447 operational nuclear reactors world wide and that number is expected to grow significantly within the next decade.

 

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)

 

Although we often reference the spot price of uranium, the long-term price is what really counts as only a small fraction of the metal is actually traded on spot prices; over six times more uranium is traded in long-term market prices than in the spot market price. The long term market price is consistently and significantly higher than spot.

 

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 (as of Q3 2016) for 572 new reactors (either under construction, planned, or proposed).

 

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

  • Nov 16 $18.25

  • Oct 16 $18.75

  • Sep 16 $23.75

  • Aug 16 $25.25

  • July 16 $26.25

  • June 16 $27.00

  • May 16 $27.25

  • Apr 16 $27.50

  • Mar 16 $29.15

  • Feb 16 $32.15

  • Jan 16 $34.75

  • Dec 15 $34.25

  • Nov 15 $36.00

  • Oct 15 $36.25

  • Sep 15 $37.00

  • Aug 15 $36.75

  • Jul 15 $36.00

  • Jun 15 $36.50

  • May 15 $35.00

  • Apr 15 $38.25

  • Mar 15 $39.50

  • Feb 15 $38.75

  • Jan 15 $37.50

  • Dec 14 $35.50

  • Nov 14 $40.00

  • Oct 14 $36.50

  • Sep 14 $35.50

  • Aug 14 $31.00

  • Jul 14 $28.50

  • Jun 14 $28.25

  • May 14 $28.25

  • Apr 14 $30.75

  • Mar 14 $34.00

  • Feb 14 $35.50

  • Jan 14 $35.50

  • Dec 13 $34.50

  • Nov 13 $36.35

  • Oct 13 $34.75

  • Sep 13 $35.00

  • Aug 13 $35.00

  • July 13 $34.50

  • June 13 $39.65

  • May 13 $40.50

  • Apr 13 $42.50

  • Mar 13 $42.25

  • Feb 13 $42.00

  • Jan 13 $44.00

  • Dec 12 $43.50

  • Nov 12 $42.00

  • Oct 12 $42.50

  • Sep 12 $46.50

  • Aug 12 $48.50

  • July 12 $49.25

  • June 12 $51.00

  • May 12 $52.00

  • Apr 12 $51.75

  • Mar 12 $51.00

  • Feb 12 $52.00

  • Jan 12 $52.00

  • 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

ver uranium? Sides dig in over mineral - Denver Post 

447 Active Reactors (as of Sept. 2016)

Table of World Nuclear Reactors 2016 & Uranium Requirements <= Source; World Nuclear Assoc.

Click here for most current/updated numbers on nuclear reactor construction.

 

COUNTRY

(Click name for
Country Profile)

NUCLEAR ELECTRICITY GENERATION 2015

REACTORS OPERABLE

1 Sept 2016

REACTORS UNDER CONSTRUCTION

1 Sept 2016

REACTORS PLANNED

Sept 2016

REACTORS PROPOSED

Sept 2016

URANIUM REQUIRED

2016

billion kWh

% e

No.

MWe net

No.

MWe gross

No.

MWe gross

No.

MWe gross

tonnes U

Argentina
6.5
4.8
3
1627
1
27
2
1950
2
1300
215
Armenia
2.6
34.5
1
376
0
0
1
1060
 
 
88
Bangladesh
0
0
0
0
0
0
2
2400
0
0
0
Belarus
0
0
0
0
2
2388
0
0
2
2400
0
Belgium
24.8
37.5
7
5943
0
0
0
0
0
0
1015
Brazil
13.9
2.8
2
1901
1
1405
0
0
4
4000
329
Bulgaria
14.7
31.3
2
1926
0
0
1
950
0
0
327
Canada
95.6
16.6
19
13553
0
0
2
1500
3
3800
1630
Chile
0
0
0
0
0
0
0
0
4
4400
0
China
161.2
3.0
34
30597
20
22596
42
47930
136
156000
5338
Czech Republic
25.3
32.5
6
3904
0
0
2
2400
1
1200
565
Egypt
0
0
0
0
0
0
2
2400
2
2400
0
Finland
22.3
33.7
4
2741
1
1700
1
1200
1
1500
1126
France
419.0
76.3
58
63130
1
1750
0
0
1
1750
9211
Germany
86.8
14.1
8
10728
0
0
0
0
0
0
1689
Hungary
15.0
52.7
4
1889
0
0
2
2400
0
0
356
India
34.6
3.5
22
6219
5
3300
20
18600
44
51000
997
Indonesia
0
0
0
0
0
0
1
30
4
4000
0
Iran
3.2
1.3
1
915
0
0
2
2000
7
6300
178
Israel
0
0
0
0
0
0
0
0
1
1200
0
Italy
0
0
0
0
0
0
0
0
0
0
0
Japan
4.3
0.5
43
40480
3
3036
9
12947
3
4145
680
Jordan
0
0
0
0
0
0
2
2000
 
 
0
Kazakhstan
0
0
0
0
0
0
2
600
2
600
0
Korea DPR (North)
0
0
0
0
0
0
0
0
1
950
0
Korea RO (South)
157.2
31.7
25
23017
3
4200
8
11600
0
0
5013
Lithuania
0
0
0
0
0
0
1
1350
0
0
0
Malaysia
0
0
0
0
0
0
0
0
2
2000
0
Mexico
11.2
6.8
2
1600
0
0
0
0
2
2000
282
Netherlands
3.9
3,7
1
485
0
0
0
0
1
1000
102
Pakistan
4.3
4.4
3
725
3
1841
1
1161
0
0
270
Poland
0
0
0
0
0
0
6
6000
0
0
0
Romania
10.7
17.3
2
1310
0
0
2
1440
1
655
179
Russia
182.8
18.6
36
27167
7
5904
25
27755
23
22800
6264
Saudi Arabia
0
0
0
0
0
0
0
0
16
17000
0
Slovakia
14.1
55.9
4
1816
2
942
0
0
1
1200
917
Slovenia
5.4
38.0
1
696
0
0
0
0
1
1000
137
South Africa
11.0
4.7
2
1830
0
0
0
0
8
9600
304
Spain
54.8
20.3
7
7121
0
0
0
0
0
0
1271
Sweden
54.5
34.3
9
8849 
0
0
0
0
0
0
1471
Switzerland
22.2
33.5
5
3333
0
0
0
0
3
4000
521
Thailand
0
0
0
0
0
0
0
0
5
5000
0
Turkey
0
0
0
0
0
0
4
4800
4
4500
0
Ukraine
82.4
56.5
15
13107
0
0
2
1900
11
12000
2251
UAE
0
0
0
0
4
5600
0
0
10
14400
0
United Kingdom
63.9
18.9
15
8883
0
0
4
6100
9
11800
1734
USA
798.0
19.5
100
100013
4
5000
18
8312
24
26000
18161
Vietnam
0
0
0
0
0
0
4
4800
6
6700
0
WORLD**
2,441
11.5
447
390,808
59
 62,389
168
175,585
345
388,600
63,404
 
billion kWh
% e
No.
MWe
No.
MWe
No.
MWe
No.
MWe
tonnes U
 
NUCLEAR ELECTRICITY GENERATION
REACTORS OPERABLE
REACTORS UNDER CONSTRUCTION
ON ORDER or PLANNED
PROPOSED
URANIUM REQUIRED

Sources:
Reactor data: World Nuclear Association to 1/9/16 (excluding nine shutdown German units).
International Atomic Energy Agency Power Reactor Information System  for nuclear electricity production & percentage of electricity (% e).
World Nuclear Association, The Nuclear Fuel Report (September 2015, updated August 2016, reference scenario) for U


63,404 tU = 74,772 t U
3O8.

Operable = Connected to the grid.
Under Construction = First concrete for reactor poured, or major refurbishment underway.
Planned = Approvals, funding or commitment in place, mostly expected in operation within 8-10 years.
Proposed = Specific programme or site proposals, timing of start of operation very uncertain.

New plants coming on line are largely balanced by old plants being retired. Over 1996-2013, 66 reactors were retired as 71 started operation. There are no firm projections for retirements over the period covered by this Table, but we estimate that at least 60 of those now operating will close by 2030, most being small plants. The 2015 Nuclear Fuel Report reference scenario (Table 2.4) has 132 reactors closing by 2035, and 287 new ones coming on line (figures include 28 Japanese reactors on line by 2035).

TWh = terawatt-hours (billion kilowatt-hours); kWh = kilowatt-hour; MWe = megawatt (electrical as distinct from thermal)

** The world total includes six reactors operating on Taiwan with a combined capacity of 4927 MWe, which generated a total of 35.1 billion kWh in 2015 (accounting for 16.3% of Taiwan's total electricity generation). Taiwan has two reactors under construction with a combined capacity of 2700 MWe. It was expected to require 783 tU in 2016.

 

 
 

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