Uranium futures in the US were at $74.5 per pound, holding most of the surge that topped at over $76, a six-month high as markets assessed how fund buying may impact prices. The Sprott Physical Uranium Trust said it would buy around $200 million worth of physical uranium, twice the amount signaled in its agreement with Canaccord Genuity. Uranium acquisitions by Sprott, which holds most of its uranium as yellowcake, have commonly been triggers for rallies in prices due to how thin uranium derivatives trade. The move followed a near 6% jump in yellowcake prices during May as the US government signaled it would support domestic uranium enrichment capacity, cut regulations and accelerate licenses for reactors, and maintain trade restrictions on major nuclear fuel exporters. Demand has also been supported by power-hungry AI datacenters. In the meantime, top miner Kazatomprom noted it would achieve a mid-point production of 14 million pounds, nearly 20% below its guidance from late 2023.
Uranium rose to 75.90 USD/Lbs on June 20, 2025, up 1.47% from the previous day. Over the past month, Uranium's price has risen 6.83%, but it is still 10.18% lower than a year ago, 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 June 21 of 2025.
Uranium rose to 75.90 USD/Lbs on June 20, 2025, up 1.47% from the previous day. Over the past month, Uranium's price has risen 6.83%, but it is still 10.18% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Uranium is expected to trade at 69.90 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 70.36 in 12 months time.