Uranium futures in the US were around $85 per pound, maintaining their narrow range since early April after erasing the surge from earlier in the year. The cooldown from the speculative rally was combined with muted levels of spot buying by utilities, which have already been largely reliant on long-term contracts since the war between Russia and Ukraine raised short-term trade uncertainty. Earlier, yellowcake prices were sustained by geopolitical tension driving power markets in major economies to be increasingly volatile, sparking interest in nuclear power by governments and power-hungry AI hyperscalers that develop datacenters. Italy was the latest to express interest to approve a legal framework to restore nuclear power, which has been shunned since the Chernobyl catastrophe. Meanwhile, Meta and Microsoft both signed agreements to gain fresh nuclear capacity for their future AI data center operations.

Uranium fell to 85.05 USD/Lbs on May 29, 2026, down 0.18% from the previous day. Over the past month, Uranium's price has fallen 2.07%, but it is still 18.37% higher than a year ago, 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 in May of 2007. Uranium - data, forecasts, historical chart - was last updated on June 2 of 2026.

Uranium fell to 85.05 USD/Lbs on May 29, 2026, down 0.18% from the previous day. Over the past month, Uranium's price has fallen 2.07%, but it is still 18.37% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Uranium is expected to trade at 85.53 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 90.81 in 12 months time.



Price Day Month Year Date
Crude Oil 91.40 -0.757 -0.82% -14.11% 44.15% Jun/02
Brent 94.25 -0.726 -0.76% -17.64% 43.61% Jun/02
Natural gas 3.17 -0.0044 -0.14% 10.73% -14.71% Jun/02
Gasoline 3.06 -0.0238 -0.77% -18.12% 47.86% Jun/02
Heating Oil 3.61 -0.0287 -0.79% -11.35% 72.21% Jun/02
Ethanol 2.02 0 0% -0.49% 14.81% May/29
Naphtha 728.28 -6.94 -0.94% -19.20% 33.70% May/29
Propane 0.83 -0.01 -1.34% 1.60% 10.40% May/29
Uranium 85.05 -0.1500 -0.18% -2.07% 18.37% May/29
Methanol 3,045.00 26.00 0.86% -6.31% 34.02% Jun/01


Uranium
Uranium is a highly dense metal which occurs in most rocks and is mostly used as a fuel in nuclear power plants. The standard contract unit is 250 pounds of U3O8 and is traded on New York Mercantile Exchange. Top uranium producers are Kazakhstan, Canada and Australia. The Uranium prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
85.05 85.20 148.00 7.10 1988 - 2026 USD/LBS Weekly

News Stream
Uranium Maintains Narrow Range
Uranium futures in the US were around $85 per pound, maintaining their narrow range since early April after erasing the surge from earlier in the year. The cooldown from the speculative rally was combined with muted levels of spot buying by utilities, which have already been largely reliant on long-term contracts since the war between Russia and Ukraine raised short-term trade uncertainty. Earlier, yellowcake prices were sustained by geopolitical tension driving power markets in major economies to be increasingly volatile, sparking interest in nuclear power by governments and power-hungry AI hyperscalers that develop datacenters. Italy was the latest to express interest to approve a legal framework to restore nuclear power, which has been shunned since the Chernobyl catastrophe. Meanwhile, Meta and Microsoft both signed agreements to gain fresh nuclear capacity for their future AI data center operations.
2026-06-01
Uranium Eases to 2-Month Low
Uranium futures in the US eased to below $85 per pound in late May, the lowest in nearly two months after holding a narrow range during the period. The cooldown of the speculative rally in the start of the year drove the market's forefront to return to muted levels of spot buying by utilities, which have already been largely reliant on long-term contracts since the war between Russia and Ukraine raised short-term trade uncertainty. Earlier, yellowcake prices were sustained by geopolitical tension driving power markets in major economies to be increasingly volatile, sparking interest in nuclear power by governments and power-hungry AI hyperscalers that develop datacenters. Italy was the latest to express interest to approve a legal framework to restore nuclear power, which has been shunned since the Chernobyl catastrophe. Meanwhile, Meta and Microsoft both signed agreements to gain fresh nuclear capacity for their future AI data center operations.
2026-05-25
Uranium Rises to 2-Month High
Uranium futures in the US were above $86.5 per pound, near their highest level in two months as a recovery in broad risk sentiment was combined with the signs of strong longer-term demand in nuclear power. Nuclear power investment has been featured by future operators of power-hungry data centers, driving multiple tech giants in the US to sign contracts for small modular reactors. Meta signed agreements for up to 7.8 gigawatts of nuclear capacity to support their AI services, and Microsoft signed agreements to renew old reactors that exclusively supply over 800 megawatts for their AI datacenter operations. The US government cut regulations on the construction and permits for uranium converters and enrichers and announced deals for the construction of new power plants. These include a partnership with Cameco, which approved the development of Westinghouse reactors, and a fresh $2.7 billion in contracts to Centrus and two other reactors and enrichers.
2026-04-27