Uranium Prices
Since 1981 uranium prices and quantities in the US are reported by the Department of Energy. The import price dropped from 32.90 US$/lb-U3O8 in 1981 down to 12.55 in 1990 and to below 10 US$/lb-U3O8 in the year 2000. Prices paid for uranium during the 1970s were higher, 43 US$/lb-U3O8 is reported as the selling price for Australian uranium in 1978 by the Nuclear Information Centre.
Uranium prices reached an all-time low in 2001, costing US$7/lb, but has since rebounded strongly. In April 2007 the price of Uranium on the spot market rose to US$113.00/lb, This is very close to the all time high (adjusted for inflation) in 1977. a high point of the uranium bubble of 2007. The higher price has spurred expansion of current mines, construction of new mines and reopening of old mines as well as new prospecting.
Read more about this topic: Uranium Mining
Famous quotes containing the word prices:
“United Fruit... United Thieves Company... it’s a monopoly ... if you won’t take their prices they let your limes rot on the wharf; it’s a monopoly. You boys are working for a bunch of thieves, but I know it ain’t your fault.”
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