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.”