The U3O8 uranium spot price gained 8.39% in November, increasing from US$74.48 to $80.73 per pound as of November 30, 2023.1 Uranium has posted a stellar 67.10% year-to-date return as of November 30, 2023, and continued to show strength and diversification relative to other commodities, which declined 9.75% (as measured by the BCOM Index). Breaking through the $80 per pound level represents a high price for the current uranium bull market and a price level not seen in almost 16 years. Uranium’s all time high of $136 was reached in 2007 at the end of the last commodity supercycle which ended due to the 2008 Global ... (full story)