Uranium futures in the US remained near the $85 per pound mark, extending its 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. 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, 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.
Uranium rose to 88.85 USD/Lbs on August 21, 2026, up 0.40% from the previous day. Over the past month, Uranium's price has risen 3.62%, and is up 19.99% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Uranium reached an all time high of 148.00 in May of 2007. Uranium - data, forecasts, historical chart - was last updated on August 24 of 2026.
Uranium rose to 88.85 USD/Lbs on August 21, 2026, up 0.40% from the previous day. Over the past month, Uranium's price has risen 3.62%, and is up 19.99% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Uranium is expected to trade at 89.39 USD/LBS by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 93.90 in 12 months time.