Uranium prices reach highest level since February 2024

February 3, 2026, 3:53PMNuclear News

The end-of-January spot price for uranium was $94.28 per pound, according to uranium fuel provider Cameco. That was the highest spot price posted by the company since the $95.00 per pound it listed at the end of February 2024. Spot prices during 2025 ranged from a low of $64.23 per pound at the end of March to a high of $82.63 per pound at the end of September.

Futures: According to analytics firm Trading Economics, uranium futures prices decreased to $96.50 per pound on February 2, representing a decline of 2.77 percent from the previous day. However, the firm said that over the past month, the price of uranium has increased by 17.68 percent and is now 32.55 percent higher than it was at the same time last year.

Betting on high demand and investment: Trading Economics reported in late January that uranium futures in the United States had just risen over $100 per pound—their highest price since February 2024—based on “bets of high demand in the long term.”

It pointed out that the U.S. government was changing regulations on construction and permits for uranium converters and enrichers and had announced deals including a total of $2.7 billion in contracts to bolster domestic uranium enrichment.

Trading Economics added that “bets of higher investment in the sector due to governments aiming to increase energy security and pledges of expenditure on power-hungry data centers supported buying from physical uranium funds.”


Related Articles

Uranium market prices reflect higher demand

November 10, 2025, 12:01PMNuclear News

An end-of-October spot price for uranium of $80.00 per pound—down from the year high of $82.63 per pound in September—is still substantially higher than the year’s lowest price of $64.23...

ANS announces 2026 Presidential Citations

November 6, 2025, 6:59AMANS News

One of the privileges of being president of the American Nuclear Society is awarding Presidential Citations to individuals who have demonstrated outstanding effort in some manner for the...