Uranium Eases from 2-Month High

2025-09-16 11:34 By Andre Joaquim 1 min. read

Uranium futures in the US eased to $75 per pound from the two-month high of $77 touched on September 8th as markets reconsidered the magnitude of setbacks to supply.

President Trump exempted uranium and other selected metals from country-specific tariffs as of September 8th, alleviating capacity pressures that would emerge for domestic utilities.

This was after Canada's Cameco, the second largest uranium miner in the world, cut its annual production guidance due to expansion delays in its McArthur mine in Saskatchewan.

Additionally, top producer Kazatomprom stated it would cut its output by 10% next year, citing volatility in the spot mined uranium market.

On the demand front, a report from the World Nuclear Association forecasting that uranium demand for nuclear power is due to rise by 28% by 2030, reflecting government's preference of nuclear power to reach energy security goals and increasing data-center demand by software companies.



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