Platts changes uranium price assessment delivery basis

Platts, part of S&P Global Commodity Insights, has changed the delivery basis for its spot uranium and UF6 price assessments to a title or book transfer basis, effective April 4, 2025.

Platts understands that uranium is often traded as a title transfer, with U3O8 and UF6 rarely being physically moved or transported as part of a spot transaction. By making title transfer the basis for delivery, Platts assessments will better reflect this market convention.

Previously, Platts accepted both title transfer and physical delivery as a delivery basis. Following this change, physically delivered material would be considered for normalization in the assessment process.

Platts recognizes that material being physically delivered or transacted as a title transfer is often traded at parity. The potential that tariffs may be levied on material, based on origin and/or destination, may result in a difference in value.

The decision comes after a proposal for this change was published March 21(opens in a new tab). The decision notice was published March 28(opens in a new tab).

The Platts uranium assessments, including spot U3O8, U3O8 locational differentials, UF6 and uranium conversion, are published in Platts Nuclear Fuel, Platts Nuclear Fuel Uranium Pricing Supplement, on the PEA0308 and PEP0308 fixed pages and in the Platts pricing database.

Please send any feedback or questions to nucleareditorial@spglobal.com and pricegroup@spglobal.com.

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