Uranium Prices man

Uranium prices averaged USD 88.03 per pound in August, up 2.6% from July. On 31 August, the commodity traded at USD 89.35 per pound, up 3.3% from 31 July.

Prices hit a six-month high in August, as Kazatomprom noted that a new sulphuric-acid plant—a key input for uranium production—would be delayed by at least six months. On the demand side, China approved eight new reactor units, and the U.S. President sent a draft civil nuclear deal with Saudi Arabia to Congress.