The spot price is a price reporter's assessment of the prevailing level for standard U₃O₈ parcels for prompt delivery. Reporters base this on firm bids/offers and recent transactions under standard terms; it is neither a bid nor an ask, and not an executable quote.

The oracle publishes a fair-value estimate of the U₃O₈ spot benchmark between official prints. Concretely: - It targets the same delivery window and standard lot conventions used by major reporters (prompt window, standard locations/lot sizes). - It is model-derived from market evidence (e.g., recent deals, firm bids/offers, and other observable inputs where available). - It is indicative, not executable, and may differ from any single reporter's number at a given time

The live price feed is updated every 60 seconds.

The spot price of uranium is influenced by a number of factors affecting both supply and demand. Key drivers include the global demand for nuclear energy, uranium production levels, and geopolitical events impacting supply chains. Additionally, financial market activity, especially the influence of traders and hedge funds, plays a growing role in price volatility.

Our proprietary price feed, which is the first of its kind, takes a holistic approach towards price calculation, by ingesting market data from Numerco and combining it with other data sources for a wide range of assets that either directly or indirectly contribute to changes in the uranium spot price for live pricing.

Yes, it is possible to consume both live and historical pricing via our API. If this is something of interest, please reach out to us at <a href="mailto:[email protected]" style="text-decoration: underline;">[email protected]</a>.

It is possible to consume both live and historical spot uranium pricing via our API, or through the oracle deployed on Etherlink by RedStone. For further information please reach out to us at <a href="mailto:[email protected]" style="text-decoration: underline;">[email protected]</a>.