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.

Uranium fell to 85.70 USD/Lbs on February 5, 2026, down 2.11% from the previous day. Over the past month, Uranium's price has risen 4.45%, and is up 22.52% 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 in May of 2007. Uranium - data, forecasts, historical chart - was last updated on February 7 of 2026.

Uranium fell to 85.70 USD/Lbs on February 5, 2026, down 2.11% from the previous day. Over the past month, Uranium's price has risen 4.45%, and is up 22.52% 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 100.19 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 105.10 in 12 months time.



Price Day Month Year Date
Crude Oil 63.50 0.210 0.33% 13.41% -10.56% Feb/06
Brent 67.90 0.350 0.52% 13.24% -9.05% Feb/06
Natural gas 3.41 -0.1040 -2.96% -3.40% 2.90% Feb/06
Gasoline 1.95 0.0327 1.70% 14.71% -7.37% Feb/06
Heating Oil 2.41 0.0162 0.68% 17.15% -1.09% Feb/06
Ethanol 1.64 0.0100 0.62% 2.51% -6.84% Feb/06
Naphtha 547.47 -15.34 -2.72% 11.78% -15.04% Feb/05
Propane 0.65 0.001 0.13% 4.61% -29.27% Feb/06
Uranium 85.25 -0.4500 -0.53% 4.22% 22.40% Feb/06
Methanol 2,220.00 20.00 0.91% -0.67% -15.69% Feb/06


Uranium
Uranium is a highly dense metal which occurs in most rocks and is mostly used as a fuel in nuclear power plants. The standard contract unit is 250 pounds of U3O8 and is traded on New York Mercantile Exchange. Top uranium producers are Kazakhstan, Canada and Australia. The Uranium prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
85.70 87.55 148.00 7.10 1988 - 2026 USD/LBS Weekly

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