Uranium Prices in Boom and Bust
DOI link for Uranium Prices in Boom and Bust
Uranium Prices in Boom and Bust book
This chapter is devoted to focuses on a study of commercial uranium prices from 1968, when a market for non-military uranium became established, to the present. The exceptionality of the uranium price performance provides a rationale for the space and detail afforded to price analysis. Price can be an important indicator of the conditions that prevail in a market, reflecting the strains and disruptions in demand and supply and the consequent impact on industries that depend for their livelihood on the commodity in question. There is no single world market exchange for uranium. Hence, uranium prices at a given point in time will vary depending on the geographical location and on the conditions under which the transaction takes place. Most uranium has been sold under long-term contracts, usually covering at least five years' deliveries, and spot transactions have constituted only a marginal share of total trade.