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The US Energy Information Administration just released its 2014 Uranium Marketing Annual Report, which showed that owners and operators of US civilian nuclear power reactors (COOs) purchased 53 million pounds of U3O8 in 2014, at an average of US$46.16, down 7 percent from a total of 57 million pounds on-year.
The US Energy Information Administration just released its 2014 Uranium Marketing Annual Report, which showed that owners and operators of US civilian nuclear power reactors (COOs) purchased 53 million pounds of U3O8 in 2014, at an average of US$46.16, down 7 percent from a total of 57 million pounds on-year.
As quoted in the market news:
The 2014 weighted-average price of $46.16 per pound U3O8e decreased 11 percent compared with the 2013 weighted-average price of $51.99 per pound U3O8e. Six percent of the 53 million pounds U3O8e delivered in 2014 was U.S.-origin uranium at a weighted average price of $48.11 per pound.
Foreign-origin uranium accounted for the remaining 94 percent of deliveries at a weighted-average price of $46.03 per pound. Uranium originating in Kazakhstan, Russia and Uzbekistan accounted for 39 percent of the 53 million pounds. Australian-origin and Canadian-origin uranium together accounted for 38 percent. The remaining 17 percent originated from Brazil, China, Czech Republic, Malawi, Namibia, Niger, South Africa, Ukraine, and United Kingdom.
In 2014, COOs signed 69 new purchase contracts with deliveries in 2014 of 12 million pounds U3O8e at a weighted-average price of $34.83 per pound. COOs report minimum and maximum quantities of future deliveries under contract, to allow for the option of either decreasing or increasing quantities. As of the end of 2014, the maximum uranium deliveries for 2015 through 2024 under existing purchase contracts for COOs totaled 197 million pounds U3O8e. Also as of the end of 2014, unfilled uranium market requirements for 2015 through 2024 totaled 283 million pounds U3O8e. These contracted deliveries and unfilled market requirements combined represent the maximum anticipated market requirements of 480 million pounds U3O8e over the ten year period for COOs.
U.S. suppliers (brokers, converters, enrichers, fabricators, producers, and traders) and COOs purchase uranium each year from foreign suppliers. Together, foreign purchases totaled 59 million pounds U3O8e in 2014, and the weighted-average price was $44.11 per pound U3O8e. Also, U.S. suppliers and COOs sold uranium to foreign suppliers. Together, foreign sales totaled 20 million pounds U3O8e in 2014, and the weighted-average price was $35.69 per pound U3O8e.
Click here to read the full US Energy Information Administration report.