Uranium Hits Highest Price Since February

Uranium prices are pushing higher again.
The nuclear fuel climbed to roughly $88 per pound, reaching its highest level since February.
The move comes as the long-term fundamentals continue tightening.
AI data centers are driving renewed interest in nuclear power, utilities are securing future fuel supplies, and new uranium production remains difficult and slow to bring online.
At the same time, the U.S. is moving toward a ban on Russian uranium imports while Western countries look for more secure sources of nuclear fuel.
The long-term contract price has already climbed above $90 per pound, signaling that utilities are willing to pay a premium to lock in future supply.
After months of consolidation, uranium is starting to move again.
If spot prices break decisively higher, uranium miners could become one of the market’s next major energy trades.