Nuclear projects demand precision, trust, and proven expertise. Element supports utilities, manufacturers, and engineering teams with testing and qualification services that keep systems safe, compliant, and ready to perform—delivering data-driven insight to meet regulations and extend asset life.
The end-of-March spot price for uranium was $84.25 per pound, according to uranium fuel provider Cameco. This price is down slightly from the $86.95 of a month before, but about $10 lower than the $94.28 spot price at the end of January.
The governments of Canada and India agreed to multiple long-term deals this month, extending a partnership that will impact sectors including energy and critical minerals, technology and AI, talent and culture, and defense.
One of the more significant deals is a long-term agreement that would supply nearly 22 million pounds of Canadian uranium concentrate (U3O8) to India’s burgeoning nuclear reactor fleet over the next decade.
The end-of-February spot price for uranium was $86.95 per pound, down from last month’s $94.28—which was a two-year high—according to uranium fuel provider Cameco. Though down, this latest spot price is still higher than at any time since the $90.38 that Cameco listed at the end of May 2024.
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.
Analyst firm Trading Economics posted a uranium futures value of about $82.00 per pound on January 5—the highest futures value in more than two months.
In late October, it had listed a futures price of about $82.30/lb. By late November, the price had fallen to under $76.00/lb.
The spot price of uranium at the end of November declined to $75.80 per pound, down from $80.00/lb at the end of October, according to uranium company Cameco. The high-water mark this year was in September, at $82.63/lb. The lowest price of 2025 was at the end of March, at $64.23/lb.
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 per pound at the end of March, according to uranium fuel provider Cameco.
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 benefit of ANS or the nuclear community at large. Citations are conferred twice each year, at the Annual and Winter Meetings.
ANS President Hash Hashemian has named this season’s recipients, who will receive recognition at the upcoming 2025 Winter Conference & Expo in Washington, D.C.
The U.S. government has signed an $80 billion deal with Westinghouse Electric Company to build large-scale nuclear reactors to support growing electricity demand from artificial intelligence.
Canadian uranium provider Cameco has calculated an end-of-September spot price for uranium of $82.63 per pound—the highest mark of 2025. The lowest spot price listed all year by Cameco was $64.23 per pound at the end of March, while the previous high was $78.50 per pound at the end of June.
Canadian uranium provider Cameco calculated an end-of-August spot price for uranium of $75.13—up from the previous month’s spot price of $71.10. Cameco continues to list a long-term price of $81.00 for August and has set it at $80.00 or $81.00 all year.
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.
Uranium provider Cameco has calculated an end-of-June spot price of $78.50 for uranium—a substantial jump from $71.55 the previous month. Cameco continues to list a long-term price of $80.00, a price that has remained unchanged since February.
Global Laser Enrichment announced that it has submitted its safety analysis report to the Nuclear Regulatory Commission for the planned Paducah Laser Enrichment Facility (PLEF). This follows GLE’s December 2024 submission of the plant’s environmental report, now completing GLE’s full license application for NRC review.
Uranium futures rose to $71.90 per pound on June 2, according to online analysis firm Trading Economics. That price was near its highest level since early February—in contrast to an 18-month low in prices reached in mid-March.
Global Laser Enrichment has commenced uranium enrichment demonstration testing at its test loop pilot facility at the company’s headquarters in Wilmington, N.C. The technology readiness level-6 testing program is expected to be a pivotal validation of large-scale enrichment performance under operationally relevant conditions, according to the company.
A combination of plentiful supply and uncertain demand resulted in spot pricing for uranium closing out March below $64 per pound, with dips down to about $63.50 during mid-March—the lowest price in 18 months, according to tracking by analysis firm Trading Economics. Spot prices have also fallen steadily since the beginning of 2024. Meanwhile, long-term prices have held steady at about $80 per pound at the end of March, according to Canadian front-end uranium mining, milling, and conversion company Cameco.
U.S. uranium production increased throughout 2024, with more growth planned in 2025. The producers who can make that happen, however, were burned before by a “renaissance” that didn’t take off. Now they are watching and waiting for signals from Washington, D.C., including the impacts of tariffs, shifting relationships with global uranium producers, and funding for the enrichment task orders designed to boost demand for U.S. uranium.
Uranium futures closed out February at about $65.55 per pound, according to online analysist firm Trading Economics. Futures prices have been below $66 per pound since mid-February.
The uranium market closed out 2024 with a spot price of $72.63 per pound and a long-term price of $80.50 per pound, according to global uranium provider Cameco.