Uranium Rises to 20-Month High

2026-01-27 13:11 By Andre Joaquim 1 min. read

Uranium futures in the US rose to $100 per pound in January, the highest since February 2024, on bets of high demand in the long term.

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.

In the meantime, US utilities secured contracts over enriched uranium from Western producers and drove European counterparts to maintain Russian supply chains, despite the EU's call for lower dependency on Russian energy.

Bets of higher investment in the sector due to governments aiming to increase energy security and pledges of expenditure on power-hungry datacenters supported buying from physical uranium funds.



News Stream
Uranium Declines from 2-Year High
Uranium futures in the US fell to $92 per pound from the near two-year high of $101.5 after a fresh increase in global supply momentarily outweighed the view of soaring growing demand expectations that carried prices in recent quarters. The Uzbek Atomic Energy Agency boosted its annual production of Uranium to 7,000 tonnes last year, well above market expectations, and increased reserves estimates. Still, yellowcake prices remain sharply higher on expectations that nuclear power capacity will continue to increase to match datacenter and electrification demand. The US government cut regulation on permits for uranium converters and announced deals for the construction of new 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.
2026-02-04
Uranium Rises to 20-Month High
Uranium futures in the US rose to $100 per pound in January, the highest since February 2024, on bets of high demand in the long term. 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. In the meantime, US utilities secured contracts over enriched uranium from Western producers and drove European counterparts to maintain Russian supply chains, despite the EU's call for lower dependency on Russian energy. Bets of higher investment in the sector due to governments aiming to increase energy security and pledges of expenditure on power-hungry datacenters supported buying from physical uranium funds.
2026-01-27
Uranium Rises to 17-Month High
Uranium futures rose past $85 per pound in January, the highest in 17 months, as signs of stronger demand in the longer term spurred fresh buying from physical funds. 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. Bets of higher investment in the sector due to governments aiming to increase energy security and pledges of expenditure on power-hungry datacenters supported buying from physical uranium funds. Most recently, Sprott's physical uranium fund, the world's largest, increased its holdings by of yellowcake 100,000 pounds.
2026-01-19