Price for Uranium Ores and Concentrates in the UK - 2023

Contents:

1. Price for Uranium Ores and Concentrates in the UK (FOB) - 2022
2. Exports of Uranium Ores and Concentrates in the UK

Price for Uranium Ores and Concentrates in the UK (FOB) - 2022

The average uranium ores and concentrates export price stood at $3,159 per ton in 2022, declining by -88.7% against the previous year. Over the period under review, the export price continues to indicate a precipitous contraction. The growth pace was the most rapid in 2015 an increase of 535%. Over the period under review, the average export prices hit record highs at $4,235,500 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($11,000 per ton), while the average price for exports to France ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-68.0%).

Exports of Uranium Ores and Concentrates in the UK

For the third year in a row, the UK recorded growth in overseas shipments of uranium ores and concentrateses, which increased by 57% to 11 kg in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 250% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, uranium ores and concentrates exports dropped remarkably to $29 in 2022. Over the period under review, exports, however, recorded a precipitous decline.

Top Export Markets for Uranium Ores and Concentrates from the UK in 2022:

1. Sweden (9.0 kg)
2. Germany (1.0 kg)
3. France (1.0 kg)

Source: IndexBox Market Intelligence Platform