Uranium futures were below $64 per pound in March, the lowest in 18 months amid a continuous backdrop of sufficient supply against uncertain demand. The new US Presidential administration signaled that it aims to secure economic ties with the Russia, ramping up bets that Washington may remove current sanctions against the import of Russian nuclear fuel. The latest estimates indicated that Russia hosted nearly half of the global uranium conversion and enrichment capacity, against a backdrop of plentiful supply of yellowcake fore Western enrichers with capacity constraints. In the meantime, 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 9.35 USD/LBS or 12.81% 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 March 15 of 2025.
Uranium decreased 9.35 USD/LBS or 12.81% 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 63.91 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 64.70 in 12 months time.