Uranium Pushes to $125 Per Pound

Last night, we got word that UX Consulting fixed the price of uranium at $125 per pound. Pretty bullish! There are many reasons why, and I'll cover a bunch of them in my MoneyandMarkets column on Wednesday. But here is another one …

U.S. EIA reports 27m lbs. of unfilled uranium contracts for 2007 to 2016

The U.S. Energy Information Administration reported Wednesday that owners and operators of U.S. civilian nuclear power reactors purchased a total of 67 million pounds U₃O₈E (uranium oxide equivalent) of deliveries from U.S. and foreign suppliers during 2006.

As of the end of 2006, total unfilled uranium requirements for civilian reactors for the period of 2007 through 2016 came to 276 million pounds.

Approximately 16% of the uranium purchased originated in the United States. The weighted average price of $18.61/lb increased 30% over the 2005 price, according to the EIA. The agency is the supplier of official energy statistics from the U.S. government.

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