Uranium futures rose to $70 per pound, gaining some traction after hovering at the eighteen-month-low of $64 though March and April as markets assessed upcoming demand levels and the stress to domestic mining capacity. The US paused aggressive tariffs on major trading partners, limiting damage to broad power demand. Additionally, lack of clarity on future levies on Canada and Kazakhstan maintained the stress on the limited domestic capacity. The US imports a large portion of its yellowcake from Kazakhstan, which faces reciprocal tariffs of 27%, while imports from Canada face a softer 10% levy. On the other hand, markets reconsidered their speculative positions on nuclear power demand for US datacenters following the emergence of more efficient large language models in Europe and China. Consistently, Microsoft reportedly canceled leases on new datacenters, marking a contrast with the view that tech giants were racing to secure new power capacity.
Uranium decreased 2.75 USD/LBS or 3.77% since the beginning of 2025, 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 148.00 in May of 2007. Uranium - data, forecasts, historical chart - was last updated on May 12 of 2025.
Uranium decreased 2.75 USD/LBS or 3.77% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Uranium is expected to trade at 70.77 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 72.35 in 12 months time.