Uranium spot price drops

August 7, 2025, 7:07AMNuclear News

Uranium provider Cameco has calculated an end-of-July spot price for uranium of $71.10—a decline from the $78.50 of the previous month. Cameco lists a long-term price of $81.00 for July, which is the same price that was listed in January. From February to June, the long-term price was $80.00.

Uranium futures were about $71.45 per pound on August 4, according to online analysis firm Trading Economics, which noted that continued prices near $71.50 are maintaining the price drop from the seven-month high of $79.00 in mid-June. The relatively low prices are related to a lack of buying from holding funds, which have received lowered bids from utilities. Nevertheless, uranium prices are higher at this point, compared with the $63.70 price in mid-March this year.

Sprott’s influence: As they were in early July, uranium market prices in early August are being affected by the late-June announcement from the Toronto-based global asset management firm Sprott Physical Uranium Trust that it is committed to purchasing $200 million of physical uranium—twice the amount that the company had previously indicated. Sprott’s uranium acquisitions have typically lifted the market, according to Trading Economics.

Domestic influence: Another influence that continues to boost yellowcake market prices is the U.S. government’s support for building domestic uranium enrichment capacity, as well as for cutting regulations and accelerating licensing for new reactors.

International influences: International influences on the uranium market include signals from certain nations, such as Germany, Denmark, and other countries, that they may be restarting their nuclear power industries.

In addition, the world’s largest uranium producer, Kazatomprom, has revised its production guidance substantially downward for the year.

France’s Orano has announced that it may be forced to close its verging-on-bankruptcy Somair uranium mine in Niger as a result of export restrictions imposed by that country’s military government.


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