Uranium Drops to 2-Month Low

2025-11-26 13:22 By Andre Joaquim 1 min. read

Uranium futures fell past $77 per pound in November, near their lowest in two months, as an improved supply outlook offset lingering bets of strong nuclear power usage in the next decades.

The world's largest uranium miner, Kazatomprom, reported a 33% growth rate in exports in the third quarter and a 10% increase in total output, limiting concerns of tighter supply following the earlier guidance of a 10% drop in output for 2026.

Cameco posted a smaller production guidance for this year, but noted that it had the potential to increase capacity and make up for the production shortfall if needed.

The developments trimmed the rally for uranium futures that topped at a 14-month high of $84 last month on robust demand.

The US announced deals for the construction of new power plants and cut regulations on the construction and permits for uranium converters and enrichers, backed by Cameco's partnership with the US government, which approved the development of Westinghouse reactors.



News Stream
Uranium Rises to 2-Month High
Uranium futures in the US were above $86.5 per pound, near their highest level in two months as a recovery in broad risk sentiment was combined with the signs of strong longer-term demand in nuclear power. Nuclear power investment has been featured by future operators of power-hungry data centers, driving multiple tech giants in the US to sign contracts for small modular reactors. Meta signed agreements for up to 7.8 gigawatts of nuclear capacity to support their AI services, and Microsoft signed agreements to renew old reactors that exclusively supply over 800 megawatts for their AI datacenter operations. The US government cut regulations on the construction and permits for uranium converters and enrichers and announced deals for the construction of new power plants. These include a partnership with Cameco, which approved the development of Westinghouse reactors, and a fresh $2.7 billion in contracts to Centrus and two other reactors and enrichers.
2026-04-27
Uranium Holds Recent Pullback
Uranium futures in the US were steady around $85 per pound, trading at a narrow range since dropping to two-month lows mid-March as the war in the Middle East maintained a degree of low-risk sentiment for major economies, denting speculative assets. Still, yellowcake prices remained firmly higher since the start of the year due to the bullish view on the longer-term adoption of nuclear power. Nuclear power investment has been featured by future operators of power-hungry data centers, driving multiple tech giants in the US to sign contracts for small modular reactors. The US cut regulations on the construction and permits for uranium converters and enrichers and announced deals for the construction of new power plants. These include a partnership with Cameco, which approved the development of Westinghouse reactors, and a fresh $2.7 billion in contracts to Centrus and two other reactors and enrichers to offset the shun of supply from Russia following sanctions on their nuclear fuel.
2026-04-02
Uranium Erases Year-Start Rally
Uranium futures in the US fell to $85 per pound in March, its lowest in two months, despite the upswing in coal prices to reflect concerns that the year-start rally may have been overdone. Still, yellowcake prices remained slightly higher since the December on the bullish view of demand. Recent developments in nuclear power investment have been headlined by operators of power-hungry data centers, driving multiple tech giants in the US to sign contracts for small modular reactors. The US cut regulations on the construction and permits for uranium converters and enrichers and announced deals for the construction of new power plants. These include a partnership with Cameco, which approved the development of Westinghouse reactors, and a fresh $2.7 billion in contracts to Centrus and two other reactors and enrichers to offset the shun of supply from Russia following sanctions on their nuclear fuel.
2026-03-20