Price for Uranium or Thorium Ores and Concentrates in China - 2023
Contents:
- Price for Uranium or Thorium Ores and Concentrates in China (CIF) - 2023
- Imports of Uranium or Thorium Ores and Concentrates in China
Price for Uranium or Thorium Ores and Concentrates in China (CIF) - 2023
The average import price for uranium or thorium ores and concentrateses stood at $2,030 per ton in December 2023, dropping by -65.6% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 250% month-to-month. The import price peaked at $8,571 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Thailand ($6,365 per ton), while the price for Madagascar ($1,028 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+9.1%), while the prices for the other major suppliers experienced a decline.
Imports of Uranium or Thorium Ores and Concentrates in China
In 2022, approx. 65K tons of uranium or thorium ores and concentrateses were imported into China; increasing by 27% compared with 2021 figures. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 51%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of uranium or thorium ores and concentrateses soared to $216M in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 144% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Uranium or Thorium Ores and Concentrates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 11.1 | 20.2 | 62.2 | 108 | 113.5% |
| Vietnam | 5.7 | 3.2 | 1.9 | 40.2 | 91.8% |
| Madagascar | 9.4 | 14.4 | 31.1 | 38.7 | 60.3% |
| Nigeria | 0.2 | 0.5 | 2.4 | 17.5 | 344.0% |
| Brazil | 2.4 | 2.0 | 2.1 | 1.2 | -20.6% |
| Others | 0.3 | 0.7 | 0.6 | 10.4 | 226.1% |
| Total | 29.1 | 41.1 | 100 | 216 | 95.1% |
Top Suppliers of Uranium or Thorium Ores and Concentrates to China in 2022:
- Madagascar (25.0K tons)
- Thailand (21.7K tons)
- Vietnam (13.7K tons)
- Nigeria (2.3K tons)
- Brazil (0.3K tons)
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