Moscow. August 6. INTERFAX – World uranium prices fell to $81 per pound amid diminished concerns about supply risks, Trading Economics wrote on Tuesday.
Thus, uranium has lost almost a quarter of its value since its peak in early February.
The US Department of Energy continued to hold tenders for low-enriched uranium for nuclear power to assess domestic capacity after the country’s government’s decision to ban uranium imports from Russia. The assessment served to identify several exceptions to the embargo, thereby reducing fears of a supply shortage.
Meanwhile, Kazatomprom reported an increase in uranium production in the first half of 2024, as well as plans to increase production overall in 2024. This also limited concerns about uranium supplies from Kazakhstan, which arose after the country’s authorities unexpectedly decided to increase the mineral extraction tax rate for uranium.