Uranium Price

Uranium does not trade on an open market like other commodities. Buyers and sellers negotiate contracts privately.

Cameco calculates industry average prices from the month-end prices published by UxC and TradeTech. Long-term prices prior to May 2004 are not industry-averages, but are from TradeTech only.

	Uranium Spot Price	Long-term Uranium Price
1988-01-01	16.40
1988-02-01	16.20
1988-03-01	15.95
1988-04-01	15.88
1988-05-01	15.45
1988-06-01	15.18
1988-07-01	14.65
1988-08-01	14.13
1988-09-01	13.80
1988-10-01	13.18
1988-11-01	12.85
1988-12-01	11.88
1989-01-01	11.55
1989-02-01	11.23
1989-03-01	10.73
1989-04-01	10.15
1989-05-01	9.80
1989-06-01	9.73
1989-07-01	9.73
1989-08-01	9.65
1989-09-01	9.60
1989-10-01	9.40
1989-11-01	9.25
1989-12-01	9.00
1990-01-01	8.88
1990-02-01	8.75
1990-03-01	8.80
1990-04-01	8.85
1990-05-01	9.30
1990-06-01	11.30
1990-07-01	11.73
1990-08-01	11.48
1990-09-01	10.30
1990-10-01	8.43
1990-11-01	9.65
1990-12-01	9.75
1991-01-01	9.15
1991-02-01	9.45
1991-03-01	9.35
1991-04-01	9.05
1991-05-01	9.23
1991-06-01	9.08
1991-07-01	8.65
1991-08-01	8.88
1991-09-01	8.33
1991-10-01	7.38
1991-11-01	7.40
1991-12-01	8.75
1992-01-01	7.95
1992-02-01	8.00
1992-03-01	7.88
1992-04-01	7.83
1992-05-01	7.73
1992-06-01	7.83
1992-07-01	7.83
1992-08-01	8.08
1992-09-01	8.68
1992-10-01	10.38
1992-11-01	10.40
1992-12-01	9.98
1993-01-01	9.75
1993-02-01	10.05
1993-03-01	10.10
1993-04-01	10.20
1993-05-01	10.08
1993-06-01	10.15
1993-07-01	9.90
1993-08-01	10.05
1993-09-01	10.25
1993-10-01	10.23
1993-11-01	9.95
1993-12-01	9.88
1994-01-01	9.50
1994-02-01	9.48
1994-03-01	9.48
1994-04-01	9.35
1994-05-01	9.25
1994-06-01	9.25
1994-07-01	9.33
1994-08-01	9.15
1994-09-01	9.08
1994-10-01	9.08
1994-11-01	9.48
1994-12-01	9.60
1995-01-01	9.68
1995-02-01	10.38
1995-03-01	11.08
1995-04-01	11.55
1995-05-01	11.78
1995-06-01	11.83
1995-07-01	11.88
1995-08-01	11.80
1995-09-01	11.75
1995-10-01	11.75
1995-11-01	11.83
1995-12-01	12.23
1996-01-01	12.95
1996-02-01	15.33
1996-03-01	15.83	16.50
1996-04-01	16.13	16.50
1996-05-01	16.50	16.75
1996-06-01	16.55	16.75
1996-07-01	16.50	16.75
1996-08-01	16.35	16.50
1996-09-01	15.90	16.00
1996-10-01	15.45	16.00
1996-11-01	14.95	15.25
1996-12-01	14.70	15.00
1997-01-01	14.25	15.00
1997-02-01	13.70	14.75
1997-03-01	13.00	14.25
1997-04-01	12.18	13.75
1997-05-01	11.45	12.75
1997-06-01	10.60	12.25
1997-07-01	10.50	12.25
1997-08-01	10.25	11.50
1997-09-01	10.93	11.50
1997-10-01	12.63	13.00
1997-11-01	12.75	13.00
1997-12-01	12.10	12.50
1998-01-01	11.90	12.25
1998-02-01	10.88	11.50
1998-03-01	10.73	11.50
1998-04-01	10.78	11.35
1998-05-01	10.83	11.35
1998-06-01	10.83	11.10
1998-07-01	10.50	11.10
1998-08-01	10.23	11.10
1998-09-01	9.83	11.10
1998-10-01	9.20	11.10
1998-11-01	8.75	11.10
1998-12-01	8.75	11.10
1999-01-01	10.50	11.75
1999-02-01	10.50	11.75
1999-03-01	10.85	11.75
1999-04-01	10.85	11.75
1999-05-01	10.63	11.65
1999-06-01	10.35	11.65
1999-07-01	10.25	11.50
1999-08-01	10.05	11.25
1999-09-01	9.83	11.00
1999-10-01	9.73	10.75
1999-11-01	9.68	10.10
1999-12-01	9.60	10.00
2000-01-01	9.45	9.85
2000-02-01	9.38	9.85
2000-03-01	9.20	9.50
2000-04-01	8.85	9.50
2000-05-01	8.43	9.50
2000-06-01	8.13	9.50
2000-07-01	8.08	9.50
2000-08-01	7.75	9.25
2000-09-01	7.43	9.25
2000-10-01	7.20	9.25
2000-11-01	7.13	9.25
2000-12-01	7.10	9.25
2001-01-01	7.23	9.25
2001-02-01	7.95	9.75
2001-03-01	8.20	9.75
2001-04-01	8.85	10.25
2001-05-01	8.85	10.50
2001-06-01	8.83	10.00
2001-07-01	8.93	10.00
2001-08-01	9.10	10.00
2001-09-01	9.40	10.50
2001-10-01	9.48	10.50
2001-11-01	9.50	10.50
2001-12-01	9.55	10.50
2002-01-01	9.70	10.65
2002-02-01	9.93	10.65
2002-03-01	9.83	10.40
2002-04-01	9.90	10.40
2002-05-01	9.90	10.40
2002-06-01	9.90	10.40
2002-07-01	9.85	10.75
2002-08-01	9.85	10.75
2002-09-01	9.75	10.75
2002-10-01	9.90	10.75
2002-11-01	9.88	10.75
2002-12-01	10.20	10.75
2003-01-01	10.15	10.75
2003-02-01	10.15	10.60
2003-03-01	10.10	10.60
2003-04-01	10.88	11.75
2003-05-01	10.95	11.75
2003-06-01	10.90	11.75
2003-07-01	11.05	11.75
2003-08-01	11.30	11.75
2003-09-01	12.23	12.00
2003-10-01	12.73	13.00
2003-11-01	13.75	14.00
2003-12-01	14.45	15.50
2004-01-01	15.55	16.50
2004-02-01	16.63	17.00
2004-03-01	17.63	17.50
2004-04-01	17.68	17.50
2004-05-01	17.80	18.00
2004-06-01	18.50	18.75
2004-07-01	18.50	19.00
2004-08-01	19.63	23.00
2004-09-01	20.00	23.00
2004-10-01	20.23	24.00
2004-11-01	20.50	25.00
2004-12-01	20.60	25.00
2005-01-01	21.10	26.00
2005-02-01	21.75	26.50
2005-03-01	22.55	27.25
2005-04-01	25.00	28.50
2005-05-01	29.00	30.00
2005-06-01	29.00	30.00
2005-07-01	29.50	31.00
2005-08-01	30.10	31.50
2005-09-01	31.63	32.50
2005-10-01	33.25	33.75
2005-11-01	34.75	34.75
2005-12-01	36.38	36.13
2006-01-01	37.50	37.00
2006-02-01	38.63	39.50
2006-03-01	40.75	41.50
2006-04-01	41.50	43.75
2006-05-01	43.00	46.25
2006-06-01	45.75	46.75
2006-07-01	47.38	47.50
2006-08-01	50.25	52.00
2006-09-01	54.88	54.50
2006-10-01	60.13	59.00
2006-11-01	63.50	59.00
2006-12-01	72.00	72.00
2007-01-01	75.00	75.00
2007-02-01	85.00	85.00
2007-03-01	95.00	85.00
2007-04-01	113.00	85.00
2007-05-01	125.00	95.00
2007-06-01	136.00	95.00
2007-07-01	120.00	95.00
2007-08-01	90.00	95.00
2007-09-01	85.00	95.00
2007-10-01	85.00	95.00
2007-11-01	93.00	95.00
2007-12-01	90.00	95.00
2008-01-01	78.00	95.00
2008-02-01	73.00	95.00
2008-03-01	71.00	95.00
2008-04-01	65.00	90.00
2008-05-01	60.00	87.50
2008-06-01	59.00	82.50
2008-07-01	64.50	80.00
2008-08-01	64.50	80.00
2008-09-01	53.00	75.00
2008-10-01	45.00	70.00
2008-11-01	55.00	70.00
2008-12-01	52.50	70.00
2009-01-01	47.50	69.50
2009-02-01	44.50	69.50
2009-03-01	42.00	69.50
2009-04-01	44.50	67.00
2009-05-01	49.00	65.00
2009-06-01	51.50	65.00
2009-07-01	47.00	65.00
2009-08-01	46.00	64.50
2009-09-01	42.88	64.50
2009-10-01	48.00	64.50
2009-11-01	45.38	61.00
2009-12-01	44.50	61.00
2010-01-01	42.38	61.00
2010-02-01	41.13	60.00
2010-03-01	41.88	59.00
2010-04-01	41.75	59.00
2010-05-01	40.75	59.00
2010-06-01	41.75	59.00
2010-07-01	45.63	60.00
2010-08-01	45.25	60.00
2010-09-01	46.63	61.00
2010-10-01	52.00	62.00
2010-11-01	60.63	65.00
2010-12-01	62.25	66.00
2011-01-01	72.63	71.50
2011-02-01	69.63	71.50
2011-03-01	60.50	70.00
2011-04-01	55.25	69.00
2011-05-01	57.00	68.00
2011-06-01	52.88	68.00
2011-07-01	51.75	68.00
2011-08-01	49.13	64.50
2011-09-01	52.25	63.50
2011-10-01	51.88	63.00
2011-11-01	51.63	62.50
2011-12-01	51.88	62.00
2012-01-01	52.13	61.00
2012-02-01	52.00	60.00
2012-03-01	51.05	60.00
2012-04-01	51.63	60.50
2012-05-01	51.63	61.25
2012-06-01	50.75	61.25
2012-07-01	49.50	61.25
2012-08-01	48.25	60.25
2012-09-01	46.50	60.50
2012-10-01	41.75	59.50
2012-11-01	42.25	59.50
2012-12-01	43.38	56.50
2013-01-01	43.88	56.50
2013-02-01	42.00	56.50
2013-03-01	42.25	56.50
2013-04-01	40.50	57.00
2013-05-01	40.45	57.00
2013-06-01	39.60	57.00
2013-07-01	34.75	54.50
2013-08-01	34.50	54.00
2013-09-01	35.00	50.50
2013-10-01	34.50	50.00
2013-11-01	36.08	50.00
2013-12-01	34.50	50.00
2014-01-01	35.45	50.00
2014-02-01	35.38	50.00
2014-03-01	34.00	46.00
2014-04-01	30.43	45.00
2014-05-01	28.25	45.00
2014-06-01	28.23	44.50
2014-07-01	28.50	44.00
2014-08-01	31.50	44.00
2014-09-01	35.40	45.00
2014-10-01	36.38	45.00
2014-11-01	39.50	49.50
2014-12-01	35.50	49.50
2015-01-01	37.00	49.50
2015-02-01	38.63	49.50
2015-03-01	39.45	49.50
2015-04-01	37.13	49.00
2015-05-01	35.00	47.50
2015-06-01	36.38	46.00
2015-07-01	35.50	44.50
2015-08-01	36.75	44.00
2015-09-01	36.38	44.00
2015-10-01	36.13	44.00
2015-11-01	36.00	44.00
2015-12-01	34.23	44.00
2016-01-01	34.70	44.00
2016-02-01	32.15	44.00
2016-03-01	28.70	43.50
2016-04-01	27.50	43.00
2016-05-01	27.25	41.00
2016-06-01	26.70	40.50
2016-07-01	25.45	38.00
2016-08-01	25.25	38.00
2016-09-01	23.00	37.50
2016-10-01	18.75	35.50
2016-11-01	18.00	33.00
2016-12-01	20.25	30.00
2017-01-01	24.50	32.50
2017-02-01	23.00	33.00
2017-03-01	23.88	33.00
2017-04-01	22.63	33.00
2017-05-01	19.60	32.50
2017-06-30	20.15	33.00
2017-07-31	20.20	32.00
2017-08-31	20.13	31.50
2017-09-30	20.33	30.50
2017-10-31	20.08	30.00
2017-11-30	23.13	31.00
2017-12-31	22.32	30.67
2018-01-31	21.88	30.00
2018-02-28	21.38	29.50
2018-03-31	21.05	29.00
2018-04-30	21.00	29.00
2018-05-31	22.73	29.00
2018-06-30	22.65	29.00
2018-07-31	25.78	31.50
2018-08-31	26.30	31.25
2018-09-30	27.50	31.75
2018-10-31	27.95	31.25
2018-11-30	29.10	31.25
2018-12-31	27.75	32.00
2019-01-31	28.90	32.00
2019-02-28	28.00	32.00
2019-03-31	25.33	32.00
2019-04-30	25.20	32.00
2019-05-31	24.05	31.00
2019-06-30	24.60	31.50
2019-06-30	24.60	31.50
2019-07-31	25.38	31.50
2019-08-31	25.30	31.00
2019-09-30	25.68	31.50
2019-10-31	24.25	31.50
2019-11-30	26.05	32.50
2019-12-31	24.93	32.50
2020-01-31	24.63	32.50
2020-02-29	24.80	32.50
2020-03-31	27.35	32.50
2020-04-30	33.25	36.00
2020-05-31	33.93	35.50
2020-06-30	32.80	35.50
2020-07-31	32.45	36.00
2020-08-31	30.85	35.00
2020-09-30	29.93	35.00
2020-10-31	29.70	35.00
2020-11-30	29.68	35.00
2020-12-31	30.20	35.00
2021-01-31	29.63	34.50
2021-02-28	27.98	33.75
2021-03-31	30.95	33.75
2021-04-30	28.90	33.75
2021-05-31	31.40	33.50
2021-06-30	32.25	33.50
2021-07-31	32.40	33.50
2021-08-31	34.25	34.25
2021-09-30	42.60	42.50
2021-10-31	45.20	43.00
2021-11-30	45.75	43.00
2021-12-31	42.05	42.75
2022-01-31	43.08	42.88
2022-02-28	48.75	43.88
2022-03-31	58.20	49.00
2022-04-30	53.00	50.00
2022-05-31	47.75	50.75
2022-06-30	49.75	51.50
2022-07-31	47.75	51.50
2022-08-31	51.25	51.50
2022-09-30	48.38	51.00
2022-10-31	52.28	51.00
2022-11-30	49.88	52.00
2022-12-31	47.68	52.00
2023-01-31	50.63	52.50
2023-02-28	50.93	53.00
2023-03-31	50.48	53.00
2023-04-30	52.93	53.50
2023-05-31	54.55	55.00
2023-06-30	56.10	56.00
2023-07-31	56.38	56.88
2023-08-31	59.93	59.00
2023-09-30	71.58	61.50
2023-10-31	74.38	64.00
2023-11-30	81.25	66.00
2023-12-31	91.00	68.00
2024-01-31	100.25	72.00
2024-02-29	95.00	75.00
2024-03-31	87.75	77.50
2024-04-30	89.00	77.50
2024-05-31	90.38	78.50
2024-06-30	84.25	79.50
2024-07-31	84.25	80.50
2024-08-31	78.50	81.00
2024-09-30	82.00	81.50
2024-10-31	80.50	81.50
2024-11-30	77.13	81.50

Spot Price

	2020	2021	2022	2023	2024
Jan	24.63	29.63	43.08	50.63	100.25
Feb	24.80	27.98	48.75	50.93	95.00
Mar	27.35	30.95	58.20	50.48	87.75
Apr	33.25	28.90	53.00	52.93	89.00
May	33.93	31.40	47.75	54.55	90.38
Jun	32.80	32.25	49.75	56.10	84.25
Jul	32.45	32.40	47.75	56.38	84.25
Aug	30.85	34.25	51.25	59.93	78.50
Sep	29.93	42.60	48.38	71.58	82.00
Oct	29.70	45.20	52.28	74.38	80.50
Nov	29.68	45.75	49.88	81.25	77.13
Dec	30.20	42.05	47.68	91.00	-

Long-term Price

	2020	2021	2022	2023	2024
Jan	32.50	34.50	42.88	52.50	72.00
Feb	32.50	33.75	43.88	53.00	75.00
Mar	32.50	33.75	49.00	53.00	77.50
Apr	36.00	33.75	50.00	53.50	77.50
May	35.50	33.50	50.75	55.00	78.50
Jun	35.50	33.50	51.50	56.00	79.50
Jul	36.00	33.50	51.50	56.88	80.50
Aug	35.00	34.25	51.50	59.00	81.00
Sep	35.00	42.50	51.00	61.50	81.50
Oct	35.00	43.00	51.00	64.00	81.50
Nov	35.00	43.00	52.00	66.00	81.50
Dec	35.00	42.75	52.00	68.00	-