Uranium prices have been hovering around $33 per pound, not far from a more than four-year high of $34.2 touched in May as investors remained concerned over a long-term secure supply of the material. Prices have been up more than 30% since the beginning of 2020 as the coronavirus pandemic has disrupted production with shutdowns of critical mines at Canada's Cameco and Kazakhstan's Kazatomprom.
Historically, Uranium reached an all time high of 148 in May of 2007. Uranium - data, forecasts, historical chart - was last updated on August of 2020.
Uranium is expected to trade at 31.71 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 30.16 in 12 months time.