Uranium Holds at Narrow Range

2026-06-16 10:29 By Andre Joaquim 1 min. read

Uranium futures in the US were around $85 per pound in June, maintaining their narrow range since early April after erasing the surge from earlier in the year.

The cooldown from the speculative rally was combined with muted levels of spot buying by utilities, which have allocated from long-term contracts since the war between Russia and Ukraine raised short-term trade uncertainty.

Earlier, yellowcake prices were lifted by geopolitical tension driving power markets in major economies to be increasingly volatile, sparking interest in nuclear power by governments and power-hungry AI hyperscalers that develop datacenters.

Italy was the latest to express interest to approve a legal framework to restore nuclear power, which has been shunned since the Chernobyl catastrophe.

Meanwhile, Meta and Microsoft both signed agreements to gain fresh nuclear capacity for their future AI data center operations, boosting the outlook following the US government's pivot to speed approvals for power plants.



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Uranium Holds at Narrow Range
Uranium futures in the US were around $85 per pound in June, maintaining their narrow range since early April after erasing the surge from earlier in the year. The cooldown from the speculative rally was combined with muted levels of spot buying by utilities, which have allocated from long-term contracts since the war between Russia and Ukraine raised short-term trade uncertainty. Earlier, yellowcake prices were lifted by geopolitical tension driving power markets in major economies to be increasingly volatile, sparking interest in nuclear power by governments and power-hungry AI hyperscalers that develop datacenters. Italy was the latest to express interest to approve a legal framework to restore nuclear power, which has been shunned since the Chernobyl catastrophe. Meanwhile, Meta and Microsoft both signed agreements to gain fresh nuclear capacity for their future AI data center operations, boosting the outlook following the US government's pivot to speed approvals for power plants.
2026-06-16
Uranium Maintains Narrow Range
Uranium futures in the US were around $85 per pound, maintaining their narrow range since early April after erasing the surge from earlier in the year. The cooldown from the speculative rally was combined with muted levels of spot buying by utilities, which have already been largely reliant on long-term contracts since the war between Russia and Ukraine raised short-term trade uncertainty. Earlier, yellowcake prices were sustained by geopolitical tension driving power markets in major economies to be increasingly volatile, sparking interest in nuclear power by governments and power-hungry AI hyperscalers that develop datacenters. Italy was the latest to express interest to approve a legal framework to restore nuclear power, which has been shunned since the Chernobyl catastrophe. Meanwhile, Meta and Microsoft both signed agreements to gain fresh nuclear capacity for their future AI data center operations.
2026-06-01
Uranium Eases to 2-Month Low
Uranium futures in the US eased to below $85 per pound in late May, the lowest in nearly two months after holding a narrow range during the period. The cooldown of the speculative rally in the start of the year drove the market's forefront to return to muted levels of spot buying by utilities, which have already been largely reliant on long-term contracts since the war between Russia and Ukraine raised short-term trade uncertainty. Earlier, yellowcake prices were sustained by geopolitical tension driving power markets in major economies to be increasingly volatile, sparking interest in nuclear power by governments and power-hungry AI hyperscalers that develop datacenters. Italy was the latest to express interest to approve a legal framework to restore nuclear power, which has been shunned since the Chernobyl catastrophe. Meanwhile, Meta and Microsoft both signed agreements to gain fresh nuclear capacity for their future AI data center operations.
2026-05-25