Benchmark: U3O8 spot (UxC/TradeTech). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Market note |
|---|---|---|
🌐 Spot U3O8 Global · reference | SpotBenchmark | Thin spot market; most volume is term-contracted |
🌐 Long-term price Global · utility contracting | Term contract | Term price sits above spot — the number utilities actually buy at |
🇨🇦 Cameco (Cigar Lake) Canada · high-grade | FOB | Secure, high-grade supply commands a small premium |
🇷🇺 Conversion/enrichment Russia · conversion premium | Fuel-cycle service | SWU/conversion premium; sanctions risk on Russian services |
🇰🇿 Kazatomprom (ISR) Kazakhstan · ~40% of mine supply | FOB | Low-cost in-situ recovery |
🇳🇦 Namibia / Australia Namibia · steady | FOB | Conventional mine supply |
Origin notes are qualitative context. Dollar differentials are not shown, because no public differential series is attached.
Track physical flows on the live vessel map →Converted from 89.70 USD/lb · indicative FX
Uranium U3O8 is traded in the energy minerals segment. The series on this page is the named public source, not a live feed. Physical parcels of Uranium U3O8 can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
Long-term contracting activity picked up as reactors secure future supply, keeping U3O8 sentiment constructive despite thin spot volumes.