Uranium futures rose past $71 per pound, extending the period of traction after hovering at the eighteen-month-low of $64 though March and April, as markets assessed upcoming demand levels and stress to domestic mining capacity. The US paused tariffs on major trading partners and attempted to re-establish trading relations with China, limiting pessimism on 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 datacenters following the emergence of more efficient large language models. 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 1.70 USD/LBS or 2.33% 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 in May of 2007. Uranium - data, forecasts, historical chart - was last updated on May 20 of 2025.
Uranium decreased 1.70 USD/LBS or 2.33% 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 72.05 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 73.42 in 12 months time.