Price for Uranium or Thorium Ores and Concentrates in the United States - 2023

Contents:

  1. Price for Uranium or Thorium Ores and Concentrates in the United States (CIF) - 2023
  2. Price for Uranium or Thorium Ores and Concentrates in the United States (FOB) - 2022
  3. Imports of Uranium or Thorium Ores and Concentrates in the United States
  4. Exports of Uranium or Thorium Ores and Concentrates in the United States

Price for Uranium or Thorium Ores and Concentrates in the United States (CIF) - 2023

In December 2023, the average import price for uranium or thorium ores and concentrateses amounted to $145K per ton, increasing by 21% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From December 2022 to December 2023, the rate of growth in terms of prices for Australia amounted to +2.4% per month.

Price for Uranium or Thorium Ores and Concentrates in the United States (FOB) - 2022

In 2022, the average export price for uranium or thorium ores and concentrateses amounted to $1,119 per ton, flattening at the previous year. In general, the export price showed a sharp contraction. The growth pace was the most rapid in 2013 when the average export price increased by 81%. As a result, the export price reached the peak level of $21,413 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -16.9% per year.

Imports of Uranium or Thorium Ores and Concentrates in the United States

Imports of uranium or thorium ores and concentrateses into the United States skyrocketed to 1.7K tons in 2022, jumping by 191% compared with 2021 figures. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of uranium or thorium ores and concentrateses surged to $156M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Uranium or Thorium Ores and Concentrates in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia53.325.942.191.019.5%
Namibia19.8N/AN/A63.647.5%
EstoniaN/AN/AN/A0.50%
OthersN/A6.3N/A1.2-56.4%
Total73.132.342.115628.7%

Top Suppliers of Uranium or Thorium Ores and Concentrates to the United States in 2022:

  1. Australia (1024.5 tons)
  2. Namibia (521.4 tons)
  3. Estonia (100.6 tons)

Exports of Uranium or Thorium Ores and Concentrates in the United States

In 2022, shipments abroad of uranium or thorium ores and concentrateses decreased by 0% to 22 tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 274%. As a result, the exports reached the peak of 701 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of uranium or thorium ores and concentrateses amounted to $25K in 2022. Overall, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 132%. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Uranium or Thorium Ores and Concentrates in the United States (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MexicoN/AN/AN/A24.60%
Hong Kong SARN/A807N/AN/A0%
China694801N/AN/A15.4%
OthersN/AN/AN/AN/A0%
Total6941,608N/A24.6-67.2%

Top Export Markets for Uranium or Thorium Ores and Concentrates from the United States in 2022:

  1. Mexico (22.0 tons)

Source: IndexBox Market Intelligence Platform

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