TradeTech’s® Long-Term Uranium Price Indicator climbed to US$57.75 per pound U3O8 in July–the highest level in a decade as the nuclear power industry plans for global growth to support security of energy supply and climate goals.
ENGLEWOOD, Colo., Aug. 1, 2023 /PRNewswire-PRWeb/ — TradeTech’s® Long-Term Uranium Price Indicator climbed to US$57.75 per pound uranium oxide (U3O8) in July–the highest level in a decade as the nuclear power industry plans for global growth to support security of energy supply and climate goals.
Meanwhile, several supply-side developments, including delays to planned uranium production and higher cost estimates, threaten to deepen an existing supply deficit in the uranium market. As a result, TradeTech’s monthly uranium Production Cost Indicator™ (PCI) increased 0.2 percent to $55.30 per pound U3O8 on July 31, and is up 5 percent from a year ago (1). This month’s marginal increase in the PCI indicates potential volatility is on the horizon, […]
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