Uranium Hovers Near 9-Month High

2026-11-10 11:36 By Andre Joaquim 1 min. read

Uranium futures in the US were above $91 per pound in November, the highest level since February, amid the increasingly strong outlook for nuclear power adoption.

Top producer Kazatomprom posted a 25% annual growth in sales turnover in the September quarter amid an increase in sales volumes and a 17% jump in its average realized sales prices.

The growth in sales was aligned with the International Atomic Energy Agency's upward revision of global nuclear capacity over the next two decades.

The agency noted that there are currently 78 nuclear reactors under construction as major economies pile into alternative power sources to achieve decarbonization goals and limit exposure to volatile commodity markets due to geopolitical tensions in Russia and the Middle East.

Italy was the latest to express interest in approving a legal framework to restore nuclear power, while Meta, Amazon, and Microsoft signed agreements to secure fresh nuclear capacity for their future AI data center operations.



News Stream
Uranium Hovers Near 9-Month High
Uranium futures in the US were above $91 per pound in November, the highest level since February, amid the increasingly strong outlook for nuclear power adoption. Top producer Kazatomprom posted a 25% annual growth in sales turnover in the September quarter amid an increase in sales volumes and a 17% jump in its average realized sales prices. The growth in sales was aligned with the International Atomic Energy Agency's upward revision of global nuclear capacity over the next two decades. The agency noted that there are currently 78 nuclear reactors under construction as major economies pile into alternative power sources to achieve decarbonization goals and limit exposure to volatile commodity markets due to geopolitical tensions in Russia and the Middle East. Italy was the latest to express interest in approving a legal framework to restore nuclear power, while Meta, Amazon, and Microsoft signed agreements to secure fresh nuclear capacity for their future AI data center operations.
2026-11-10
Uranium Holds Near 6-Month High
Uranium futures in the US were at $90 per pound, remaining close to the over six-month high of $90.6 touched on August 26th amid risks to supply and strong demand. The outlook on yellowcake supply from Kazatomprom, the world's largest uranium producer, faced fresh uncertainty as its TQZ sulphuric acid plant faced delays, limiting capacity for leaching uranium. The producer also noted that demand was accelerating as large economies continued to invest in nuclear power to achieve decarbonization goals and limit exposure to volatile commodity markets due to geopolitical tension in Russia and the Middle East. Italy was the latest to express interest to approve a legal framework to restore nuclear power, in line with measures from the US and Japan as power consumers expand sources for generation to account for the higher demand from data center projects. Meta, Amazon, and Microsoft signed agreements to gain fresh nuclear capacity for their future AI data center operations.
2026-09-07
Uranium Rises to 6-Month High
Uranium futures in the US rose to $90 per pound in August, the highest in over six months, as signs of strong demand magnified the impact of setbacks to supply. The outlook on yellowcake supply from Kazatomprom, the world's largest uranium producer, faced fresh uncertainty as its TQZ sulphuric acid plant faced delays, limiting capacity for leaching uranium. The producer also noted that demand was accelerating as large economies continued to invest in nuclear power to achieve decarbonization goals and limit exposure to volatile commodity markets due to geopolitical tension in Russia and the Middle East. Italy was the latest to express interest to approve a legal framework to restore nuclear power, in line with measures from the US and Japan as power consumers expand sources for generation to account for the higher demand from data center projects. Meta, Amazon, and Microsoft signed agreements to gain fresh nuclear capacity for their future AI data center operations.
2026-08-26