Uranium Rebounds to 6-Week High

2025-12-22 12:45 By Andre Joaquim 1 min. read

Uranium futures rose to above $80 per pound in late December, the highest since early November, after major physical funds reentered the market while investors continued to gauge the demand outlook for nuclear fuel on the longer term.

Sprott's physical uranium fund, the world's largest, increased its holdings by of yellowcake 100,000 pounds to echo similar moves from other funds, triggering an increase in speculative buying.

Buying from physical funds this year were consistent with bets that power-hungry data center expenditure will spur increased capacity for nuclear fuel in the US and other major economies.

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.

Governments in Japan, China, and the UK also committed to increase the construction of new nuclear reactors.



News Stream
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 addoption 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
Uranium Holds YTD Advance
Uranium futures in the US were at $88 per pound, trading in a narrow range since pulling back from the two-year high of $101.5 in late January, tracking the drop for industrial commodities as the dollar rebounded and traders eased concerns of dollar debasements. Still, yellowcake contracts remained nearly 10% higher since the start of the year 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.
2026-02-26