In commodity market terminology, Uranium refers to a heavy radioactive metallic element with a silvery appearance. Uranium is primarily used for the production of nuclear fuels and weapons.
Uranium futures are traded on the New York Mercantile Exchange and on the CME Groupís Globex and ClearPort electronic trading platforms. Contracts are for 250 Kg of Uranium, prices are quoted in U.S. Dollars, and the minimum fluctuation is $0.05 per Kg or $12.50 per contract. The symbol for Uranium futures is UX.