Uranium Miner

"Tracking Uranium Related Mining Companies & Opportunities"

  Click here for complete list of uranium miners   
 
 
 
   
 
 

Home

Glossary of uranium mining terms

The price of uranium

Stock quotes & U research

About us

  

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: Effective April 21, 2014 the market price of U3O8 is US $32.50/lb.* (Price changed -$0.50 since last survey a week ago).

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)

 

  

* 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).

 

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 2013) for 546 new reactors (either under construction, planned, or proposed).

 

On the uranium supply side,  global shortfall from the historic norm is expected in 2014 as the Russian 'Megatons to Megawatts' program comes to an end at the end of 2013. This agreement allowed for Russian nuclear weapons highly enriched uranium (HEU) to be converted to useable fuel for over 20 years. This represents ~24 million lbs of uranium coming off the market annually (representing ~20% of current annual global commercial demand).

 

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

  • Mar 31 $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

U308 $33.00/lb (Effective: April 14, 2014 market price is changed -$0.75 from last weeks survey): 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 2013) for 546 new reactors (either under construction, planned, or proposed).

 

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 2013) 432 operational nuclear reactors world wide and that number is expected to grow significantly within the next decade.

 

ver uranium? Sides dig in over mineral - Denver Post 

432 Active Reactors (as of Q2 2013)

Table of World Nuclear Reactors 2013 & Uranium Requirements <= Source; World Nuclear Assoc.

 

NUCLEAR ELECTRICITY GENERATION 2012

REACTORS OPERABLE

July 2013

REACTORS UNDER CONSTRUCTION

July 2013

REACTORS PLANNED

July 2013

REACTORS PROPOSED

July 2013

URANIUM REQUIRED

billion kWh 

% e 

No. 

MWe net

No. 

MWe gross 

No.

MWe gross 

No. 

MWe gross 

tonnes U

Argentina

5.9

4.7

2

935

1

745

1

33

2

1400

213

Armenia

2.1

26.6

1

376

0

0

1

1060

 

 

64

Bangladesh

0

0

0

0

0

0

2

2000

0

0

0

Belarus

0

0

0

0

0

0

2

2400

2

2400

0

Belgium

38.5

51.0

7

5943

0

0

0

0

0

0

995

Brazil

15.2

3.1

2

1901

1

1405

0

0

4

4000

325

Bulgaria 

14.9

31.6

2

1906

0

0

1

950

0

0

317

Canada

89.1

15.3

19

13553

0

0

2

1500

3

3800

1906

Chile 

0

0

0

0

0

0

0

0

4

4400

0

China 

92.7

2.0

17

13842

28

30550

53

66160

118

122000

5999

Czech Republic 

28.6

35.3

6

3766

0

0

2

2400

1

1200

577

Egypt 

0

0

0

0

0

0

1

1000

1

1000

0

Finland 

22.1

32.6

4

2741

1

1700

0

0

2

3000

728

France 

407.4

74.8

58

63130

1

1720

1

1720

1

1100

9254

Germany 

94.1

16.1

9

12003

0

0

0

0

0

0

1934

Hungary 

14.8

45.9

4

1880

0

0

0

0

2

2200

331

India 

29.7

3.6

20

4385

7

5300

18

15100

39

45000

1261

Indonesia 

0

0

0

0

0

0

2

2000

4

4000

0

Iran 

1.3

0.6

1

915

0

0

1

1000

1

300

172

Israel 

0

0

0

0

0

0

0

0

1

1200

0

Italy

0

0

0

0

0

0

0

0

10

17000

0

Japan 

17.2

2.1

50

44396

3

3036

9

12947

3

4145

4425

Jordan

0

0

0

0

0

0

1

1000

   

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) 

143.5

30.4

23

20787

5

6870

5

7275

0

0

3769

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 

8.4

4.7

2

1600

0

0

0

0

2

2000

279

Netherlands 

3.7

4.4

1

485

0

0

0

0

1

1000

102

Pakistan 

5.3

5.3

3

725

2

680

0

0

2

2000

117

Poland

0

0

0

0

0

0

6

6000

0

0

0

Romania 

10.6

19.4

2

1310

0

0

2

1310

1

655

117

Russia 

162.0

17.6

33

24164

10

9160

24

24180

20

20000

5073

Saudi Arabia

0

0

0

0

0

0

0

0

16

17000

0

Slovakia 

14.4

53.8

4

1816

2

942

0

0

1

1200

305

Slovenia 

5.2

53.8

1

696

0

0

0

0

1

1000

137

South Africa 

12.4

5.1

2

1800

0

0

0

0

6

9600

304

Spain 

58.7

20.5

7

7002

0

0

0

0

0

0

1355

Sweden 

61.5

38.1

10

9388

0

0

0

0

0

0

1469

Switzerland 

24.4

35.9

5

3252

0

0

0

0

3

4000

527

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 

84.9

46.2

15

13168

0

0

2

1900

11

12000

2356

UAE

0

0

0

0

0

2800

2

2800

10

14400

0

United Kingdom 

64.0

18.1

16

10038

0

0

4

6680

9

12000

1775

USA 

770.7

19.2

100

98951

3

3618

9

10860

15

24000

18983

Vietnam 

0

0

0

0

0

0

4

4000

6

6700

0

WORLD**

2346

11

432

371,870

68

71226

162

183,025

316

358,750

66,512

 

billion kWh

% e

No.

MWe

No.

MWe

No.

MWe

No.

MWe

tonnes U

 

NUCLEAR ELECTRICITY GENERATION 2007

REACTORS OPERATING

REACTORS BUILDING

ON ORDER or PLANNED

PROPOSED

URANIUM REQUIRED

 

Sources & Ledger:

Operable = Connected to the grid;
Under 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 largely 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 2011 WNA Market Report reference case has 156 reactors closing by 2030, and 298 new ones coming on line.

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

67,990 tU = 80,181 t U3O8

** The world total includes 6 reactors operating on Taiwan with a combined capacity of 4927 MWe, which generated a total of 40.4 billion kWh in 2011 (accounting for 19.0% of Taiwan's total electricity generation). Taiwan has two reactors under construction with a combined capacity of 2700 MWe, and one proposed, 1350 MWe. It is expected to require 1291 tU in 2012.



 

2005 -- 2014 Uranium Miner Disclaimer/Disclosure/Terms of Use