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 30, 2010 the market price of U₃O₈ is US $45.00/lb.* (Price changed -$1.00 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:

Sep 1 Spot uranium price dives before making recovery - Platts

Aug 4 Uranium prices rally as market gets boost - IFP

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

May 4 Spot Uranium Adds Another US25c - FNArena

Apr 27 Increased Demand For Uranium - 9msn

Apr 21 Spot Uranium At US$41.25 - 9MSN

Apr 6 Uranium Spot Market Prices Weaken Slightly - FNArena

Mar 30 Uranium Continues To Inch Up - MSN$

Mar 4 Spot Uranium Falls To US$40.50 - Commentary

Feb 22 Spot Uranium Remains Under Downward Pressure - MSN$

Feb 16 Spot Uranium Remains Under Pressure - FN24

Jan 27 Uranium Continues Its Retreat - MSN$

Nov 25 Spot Uranium: Still Falling - MSN$

Oct 29 Spot Uranium on the Rise - FNArena

Sep 29 Uranium Spot Stedies Amidst Deal Frenzy - FNArena

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

Sep 1 Uranium stuck in cool spot - FP

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

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

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

Mar 17 No Signs of Improvements for Uranium - FNArena

Mar 11 Cameco CEO sees uranium supply crunch and M&A - CFrench

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

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

Jan 28 Uranium Tumbles Below US$50 - Filapek

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

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

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

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

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

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

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

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

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

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

Sep 12 Trade Tech Spot Price Commentary - Co News

Sep 2 August Flat For Uranium - FN Arena

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

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

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) - month end close price:

• 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

436 Active Reactors (as of Q2 09)

Table of World Nuclear Reactors 2007-2009 & 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 years, or construction well advanced but suspended indefinitely;
Proposed = clear intention or proposal but still without firm commitment. Planned and Proposed are generally gross MWe;
TWh = Terawatt-hours (billion kilowatt-hours), MWe = Megawatt net (electrical as distinct from thermal), kWh = kilowatt-hour.
 
64,615 tU = 76,200 t U3O8
  
** The world total includes 6 reactors operating on Taiwan with a combined capacity of 4884 MWe, which generated a total of 38.3 billion kWh in 2006 (accounting for 20% of Taiwan's total electricity generation). Taiwan has two reactors under construction with a combined capacity of 2600 MWe.