|
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 August 4th, 2008 the market price of U3O8
is US $64.50/lb.*
(Price unchanged
+/-$0.00
since last survey a week ago).
Click to see
NYMEX Uranium Futures =>
Uranium Futures - NYMEX
*
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).
Recent selected writings
on factors affecting price:
July 28
Uranium price trending higher - StkH
July 15
Spot uranium price climbs with Nufcor raising cash - Reuters
July 4
Pluses and minuses for uranium prices - IBTimes
June 23
Uranium to Fetch $90 as Indian Reactors Drive Demand - Bloomberg
June 18
Spot uranium falls – again - $Web
May 20
Uranium Price Slump Unlikely to Extend Further - RI
May 6
Spot Uranium Bottoming? - FNArena
Apr 23
Uranium falls further, but demand expected to remain constant -
FP
Apr 15
Spot uranium price falls to $68/lb - Reuters
Apr 14
Uranium Falls to 16-Month Low on Surplus Supply, TradeTech Says
- Bloomberg
Apr 8
Spot Price Remains Unchanged - No Transactions or Demand -
FNArena
Apr 4
Real uranium price should be $120/lb, Wits prof tells conference
- Creamer
Mar 25
Uranium price could hit $US105/lb by September - MineWeb
Mar 25
Spot Uranium Remains at US$74/lb - FN24
Mar 10
‘Equivalent’ uranium price should be $120/lb, Wits prof tells
conference - MiningW
Mar 6
Uranium Price Review - FN24
Mar 5
Spot the uranium price in "sweet Spot" - $Web
Mar 4
Near-term uranium prices expected to weaken - FP
Feb 28
Denison Mines says uranium price near bottom - Reuters
Feb 19
Spot Uranium Stays at US$75/lb - FN24
Feb 4
Uranium prices seen "choppy" on low output - Reuters
Feb 1
Uranium demand will stay high, says miner - SMH
Feb 1
Energy Resources says realized uranium price to rise - MktW
Jan 29
Uranium Drops to Three-Month Low as Supply Expands - Bloomberg
Jan 29
Uranium stocks suffer . . . again - MoneyWeb
Jan 22
Strong demand to boost spot uranium price in 2008 - Reuters
Jan 21
Uranium Price Drops 6% as Trading Volume Dwindles - Bloomberg
Jan 17
$90/lb-$100/lb uranium price outlook, says researcher - MiningW
Dec 10
Salman Partners says uranium may hit $200/lb threshold in 2008 -
MineWeb
Nov 29
Uranium at $150/lb within a year - MiningMX on Uranium One CEO
Nov 19
Spot U3O8 remains at US$93/lb - FNArena
Nov 8
Uranium shows signs of further strength as prices climb above US$90
- NP
Nov 7
Spot uranium up to $90/lb this week, seen higher - Reuters
Nov 4
TradeTech Uranium Price Continues to Strengthen - Trade Tech
Oct 29
Uranium prices climb again as speculators and hedge funds renew
interest - NatPost
Oct 29
Speculators aid uranium price - SMH
Oct 25
Financial players may be key to uranium spot price resurgence -
NP
Oct 25
Uranium prices hit bottom: Analyst - NP
Oct 23
Uranium prices rise again - FP
Oct 18
Paladin Says Uranium May Rise to $110 a Pound in First Quarter -
Bloomberg
Oct 10
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
Spot uranium down to US$75/lb as more metal available - MiningJ
Oct 1
Uranium price bounce expected with more nuclear stations planned
- Citywire
Sep 24
Australia says 2008 uranium prices could fall on increased
production - CMJ
Sep 19
Uranium Will Trade at $85 to $100 a Pound, RBC Dominion Says -
Bloomberg
Sep 18
Targets on uranium stocks cut (US$75 forecasted by Raymond James)
- G&M
Sep 7
Uranium One Says Price of Commodity to Rise to $150 - Bloomberg
Sep 6
Paladin bullish on uranium price - AAP
Sep 4
Uranium prices fall to six-month low - Money Web
Sep 4
Another Week, Another Decline For Spot Uranium - FN24
Aug 28
Trade Tech Puts Spot Uranium At US $95/lb - FN Arena
Aug 21
Spot uranium falls to US$90/lb - MiningJ
Aug 15
Uranium prices drop 24% - Purchasing
Aug 13
Uranium Falls to Lowest Since March, TradeTech Says - Bloomberg
Aug 13
Uranium in drop zone - Herald Sun
Aug 9
Slump dims uranium's spot price - Bloomberg
Aug 8
Spot uranium ticking lower - G&M
Jul 31
Uranium Prices Tumble Again After Steady Week - SeekA
Jul 30
Uranium Supplies Rise, Demand Is Unchanged, TradeTech Says -
Bloomberg
Jul 30
Uranium Down - Airview
Jul 30
Uranium Price to Recover, Set New Records - Reuters
Jul 27
Uranium prices see largest weekly dip ever - FP
Jul 27
Uranium falls after Japan nuclear leak - FinT
Jul 25
Uranium spot price drops again to US$120 a pound; RBC forecasts
further decay (Uranium-Prices) - CP
Jul 24
Spot uranium drops again - G&M
Jul 24
Cameco's series of unfortunate events - G&M
Jul 24
Cameco Production Delay May Cause Uranium Price Hike - SeekA
Jul 17
Northern Continental Resources Inc.: Diamond Drilling Begins on the
Russell Lake Uranium Project - CP
Jul 16
Spot uranium back below US$130lb - FNArena
Jul 16
Spot uranium price drops third straight week - StockInterview
Jul 9
Uranium Bull Market Far From Over - SeekA
Jul 9
Spot Uranium Price Drops, But Niger Rebels Pressure Miners -
SeekA
Jul 3
Uranium price falls for first time in four years - MiningJ
Jul 2
Spot Uranium Price Declines - Finch
Jun 25
Australian broker sees longevity in high spot uranium price -
SCrossEqR
Jun 25
Uranium Demand Showing Price Weakness - Finch
Jun 11
Uranium prices could rise further with new auctions this week –
prices should peak in 2007 and 2008, RBC says - NatPost
Jun 11
Uranium will peak in 2009, Lehman says - Moneyweb
Jun 11
Four Uranium Auctions in 17 Days - Resurcex
Jun 5
Uranium prices continue to climb - G&M
Jun 5
Uranium May Reach $200 in Two Years, Macquarie Says - Bloomberg
Jun 5
Uranium price still bubbling - FP
Jun 1
Uranium market heating up - Nat Post
Historical Values (in USD):
-
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 $64.50/lb
(Effective:
August 4th, 2008 market price is unchanged +$0.00
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
for 349 new
reactors (either under construction, planned, or proposed).
Supply Side:
A persistent deficit between world U3O8 demand and worlds
U3O8 mining supply has existed for close to two decades and
inventories are steadily being depleted.
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 439
operational nuclear reactors world wide and that number is
expected to grow significantly within the next decade. In
the U.S.A., which has 104 operational nuclear power plants
providing approximately 20% of the country’s energy,
reactors that have met the end of their normal 40-year
operating license are being granted extensions and the U.S.
Department of Energy is actively providing incentives
encouraging power corporations to apply for licenses to
build new reactors in an attempt to stave off an imminent
energy shortage.
439 Active Reactors
(as of Q1 08)
Table of
World Nuclear Reactors 2006-2008 & Uranium Requirements <=
Source;
World Nuclear Assoc.
|
|
NUCLEAR ELECTRICITY GENERATION 2006 |
REACTORS OPERABLE January 2008 |
REACTORS UNDER CONSTRUCTION January 2008 |
REACTORS PLANNED January 2008 |
REACTORS PROPOSED January 2008 |
URANIUM REQUIRED 2008 |
|
billion kWh |
% e |
No. |
MWe |
No. |
MWe |
No. |
MWe |
No. |
MWe |
tonnes U |
|
Argentina |
7.2 |
6.9 |
2 |
935 |
1 |
692 |
1 |
740 |
1 |
740 |
123 |
|
Armenia |
2.4 |
42 |
1 |
376 |
0 |
0 |
0 |
0 |
1 |
1000 |
51 |
|
Bangladesh |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
2 |
2000 |
0 |
|
Belarus |
0 |
0 |
0 |
0 |
0 |
0 |
2 |
2000 |
0 |
0 |
0 |
|
Belgium |
44.3 |
54 |
7 |
5728 |
0 |
0 |
0 |
0 |
0 |
0 |
1011 |
|
Brazil |
13 |
3.3 |
2 |
1901 |
0 |
0 |
1 |
1245 |
4 |
4000 |
303 |
|
Bulgaria |
18.1 |
44 |
2 |
1906 |
0 |
0 |
2 |
1900 |
0 |
0 |
261 |
|
Canada* |
92.4 |
16 |
18 |
12652 |
2 |
1500 |
4 |
4000 |
2 |
2200 |
1665 |
|
China |
51.8 |
1.9 |
11 |
8587 |
5 |
4540 |
30 |
32000 |
86 |
68000 |
1396 |
|
Czech Republic |
24.5 |
31 |
6 |
3472 |
0 |
0 |
0 |
0 |
2 |
1900 |
619 |
|
Egypt |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
1000 |
0 |
|
Finland |
22 |
28 |
4 |
2696 |
1 |
1600 |
0 |
0 |
1 |
1000 |
1051 |
|
France |
428.7 |
78 |
59 |
63473 |
1 |
1630 |
0 |
0 |
1 |
1600 |
10527 |
|
Germany |
158.7 |
32 |
17 |
20339 |
0 |
0 |
0 |
0 |
0 |
0 |
3332 |
|
Hungary |
12.5 |
38 |
4 |
1826 |
0 |
0 |
0 |
0 |
2 |
2000 |
271 |
|
India |
15.6 |
2.6 |
17 |
3779 |
6 |
2976 |
10 |
8560 |
9 |
4800 |
978 |
|
Indonesia |
0 |
0 |
0 |
0 |
0 |
0 |
2 |
2000 |
0 |
0 |
0 |
| 