Uranium Holds Bullish Momentum

2025-10-07 12:28 By Andre Joaquim 1 min. read

Uranium futures in the US were above $81 per pound, inching marginally lower from the near-one-year-high of $83.5 touched September 25th as markets weighed on whether recent interest from physical funds coincided with the demand outlook for nuclear fuel.

Sprott continued to purchase yellowcake to raise its third quarter purchases to 2.3 million pounds, while UK's Yellow Cake raised $125 million for uranium purchases under its agreement with Kazatomprom, the world's top producer.

Purchases by physical holding funds commonly trigger rallies in benchmark prices due to the thinness of uranium markets.

In the meantime, the focus on energy security and de-carbonization goals drove the World Nuclear Association to forecast that uranium demand for nuclear power is due to rise by 28% by 2030.

On the supply front, Canada's Cameco cut its annual production guidance due to expansion delays in its McArthur mine in Saskatchewan, forecasting a 19% drop in mined output from the key source.



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