CME Group » Metals » UxC Uranium U3O8 Swap
Metals Products
Description Added
UxC Uranium U3O8 Swap 
Quotes | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 

Uranium futures are a hedging tool for producers and users of uranium, and provide a transparent forward price mechanism for the volatile uranium marketplace. In addition, they:

  • Are offered in partnership with the Ux Consulting Company, LLC (UxC), the leading source of nuclear industry market information
  • Serve the needs of utilities, consumers, uranium mining companies, other nuclear fuel companies, governments, banks, and financial institutions

Things to know about the contracts

  • Financially settled
  • Traded on or off exchange
  • Traded electronically on CME Globex
  • Contract size is 250 lbs.
  • Prices quoted in U.S. dollars and cents
  • Final settlement price is the spot-month end price published by UxC

About uranium
Uranium is a hard and dense silvery gray metal that is also mildly radioactive. It occurs naturally in low concentrations (a few parts per million) in soil, rock and water.

In the civilian sector, uranium is used primarily to fuel commercial nuclear power plants. It is also used for a wide range of military purposes, and to a lesser extent is used in textiles, photography, and chemistry and physics labs. Uranium was present during the formation of the earth, and because it has an extremely long half life (4.47 billion years for 238U), scientists used to date the earth with a high degree of accuracy.