Latest uranium price
At the end of September 2026 the uranium spot price was $89.63/lb U3O8 and the long-term price $96.50/lb. See the uranium price chart and spot price page.
Recent developments
September 2026
Long-term uranium price at a record
The month-end long-term price indicator reached $96.50/lb in August and September 2026, above the previous high of $95 (2007–2008); spot ended September at $89.63. Source: Cameco
September 2026
World reactor fleet update
World Nuclear Association data (September 30, 2026): 441 operable reactors (404 GWe), 81 under construction, 122 planned and 336 proposed; 2025 uranium requirements of 68,920 tU. Source: World Nuclear Association
March 5, 2026
NexGen Rook I licensed for construction
The Canadian Nuclear Safety Commission issued NexGen Energy a licence to prepare the site for and construct the Rook I uranium project in Saskatchewan, valid to March 31, 2036. Operation needs a separate future licence. Source: CNSC
January 2026
Spot uranium briefly tops $100/lb
Heavy buying by the Sprott Physical Uranium Trust lifted spot above $100/lb for the first time since early 2024; the January month-end indicator was $94.28. Source: MINING.COM
January 14, 2026
US Section 232 action on critical minerals
A presidential proclamation on processed critical minerals (uranium included) imposed no immediate tariffs or quotas and directed negotiations with trading partners, leaving other remedies open. Source: Covington
August 2025
Kazatomprom plans 2026 output cut
The world’s largest producer said it would cut 2026 production by roughly 10% versus its subsoil-use levels, with most of the reduction at the Budenovskoye joint venture; guidance remains subject to sulphuric acid availability. Source: World Nuclear News
June 2025
Niger nationalises SOMAIR
Niger’s government nationalised the SOMAIR mine operated by France’s Orano. An ICSID tribunal later ordered Niger not to sell SOMAIR uranium pending arbitration; the dispute is ongoing. Source: World Nuclear Association
What to watch
- Kazatomprom quarterly trading updates and 2027 guidance (usually published in August).
- Sprott Physical Uranium Trust purchases — SPUT reports holdings daily on sprott.com.
- Utility contracting volumes, reported by UxC and Cameco, which drive the long-term price.
- Russian supply — US imports of Russian enriched uranium are banned, with Department of Energy waivers possible only until the end of 2027.
- New reactors — grid connections, restarts in Japan and SMR licensing.
Where to follow uranium news
- World Nuclear News — industry news from the World Nuclear Association.
- Cameco uranium price page — monthly spot and long-term indicators.
- Sprott Physical Uranium Trust — daily holdings and NAV.
- Kazatomprom — production updates from the largest producer.
- US EIA uranium data — US production and utility purchases.
This page is a curated summary updated by hand, not a live feed. Not investment advice.