Uranium prices have risen to above $82/lb – the highest value in more than two months as new federal policies and initiatives supporting nuclear in the US begin to have an impact and big tech companies back reactors for power-hungry data centres, analysis firm Trading Economics reported.
Price reached a four-month peak on 12 January, with UK-based commodity supply and technology company Numerco showing bids at $82.50/lb and offers at $83.50/lb amid tight supply.
Meanwhile, Canadian uranium company Cameco calculated an end-of-December spot price for uranium of $81.55/lb. This is the second-highest spot price posted by the Canadian uranium firm in 2025, the highest being $82.63/lb at the end of September. The lowest spot price listed by Cameco in 2025 was $64.25/lb, at the end of March.
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