Uranium prices, $/lb last = 26.15 1w: +0.05 (0.2%)
2018201920202021
Consensus (median)38556066
High70706568
Low24304045
Standard Deviation15151110
Count of Estimates9753
[Neutral]

Despite supply cut by Kazakhstan and some more Japanese nuclear restarts, prices for Uranium remains low. There are two reasons for this: first, global inventories are huge, and second, loss-making assets at the top of the cost curve continue to be operated for strategic purposes. I believe that prices will eventually recover, though the recovery may take time. The thing is uranium behaves somewhat differently to other commodities: one purchases uranium not for consumption today but rather for stocking/forward coverage purposes in terms of demand.