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
2024/12/31	72.63	80.50
2025/01/31	69.28	81.00
2025/02/28	65.03	80.00

Spot Price

	2021	2022	2023	2024	2025
Jan	29.63	43.08	50.63	100.25	69.28
Feb	27.98	48.75	50.93	95.00	65.03
Mar	30.95	58.20	50.48	87.75	-
Apr	28.90	53.00	52.93	89.00	-
May	31.40	47.75	54.55	90.38	-
Jun	32.25	49.75	56.10	84.25	-
Jul	32.40	47.75	56.38	84.25	-
Aug	34.25	51.25	59.93	78.50	-
Sep	42.60	48.38	71.58	82.00	-
Oct	45.20	52.28	74.38	80.50	-
Nov	45.75	49.88	81.25	77.13	-
Dec	42.05	47.68	91.00	72.63	-

Long-term Price

	2021	2022	2023	2024	2025
Jan	34.50	42.88	52.50	72.00	81.00
Feb	33.75	43.88	53.00	75.00	80.00
Mar	33.75	49.00	53.00	77.50	-
Apr	33.75	50.00	53.50	77.50	-
May	33.50	50.75	55.00	78.50	-
Jun	33.50	51.50	56.00	79.50	-
Jul	33.50	51.50	56.88	80.50	-
Aug	34.25	51.50	59.00	81.00	-
Sep	42.50	51.00	61.50	81.50	-
Oct	43.00	51.00	64.00	81.50	-
Nov	43.00	52.00	66.00	81.50	-
Dec	42.75	52.00	68.00	80.50	-