Uranium prices dipped below $30 per pound, a level not seen since April, as concerns about supply disruptions eased while global demand for uranium picked up as electricity generated from the world’s nuclear reactors increased. The coronavirus pandemic has disrupted global uranium output, with prices surging to levels not seen since 2016 in May.
Historically, Uranium reached an all time high of 1349 in September of 2020. Uranium - data, forecasts, historical chart - was last updated on October of 2020.
Uranium is expected to trade at 28.86 USD/LBS by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 27.45 in 12 months time.