TradeTech's weekly U3O8 spot price indicator shows uranium prices holding firm through the first three quarters of 2026, climbing from roughly $85 per pound in March to about $92 per pound by mid September. The steady upward drift follows a volatile stretch in which prices touched multi year highs earlier in the year.

Separate uranium contract price data shows the market moving even further, with the spot price reaching $96.50 per pound as of September 10, based on published assessments. Long term contract prices, which reflect utilities' multi year purchase agreements rather than day to day trading, stood near $90 per pound in the first quarter of 2026, the highest level recorded since 2008.

Producers have responded to the firmer pricing environment by holding or raising output targets. Cameco Corporation has maintained its 2026 production guidance of 19.5 million to 21.5 million pounds on a company share basis, citing sustained demand from nuclear utilities and growing electricity needs tied to data center expansion. Energy Fuels has said it expects to grow uranium output toward 1.5 million to 2.5 million pounds in 2026 from its Utah processing operations.

The pricing data points to a market still working through a structural supply gap. Analysts tracking the sector have said the long lead times required to bring new uranium mines into production mean current deficit conditions are likely to persist well into the next decade, keeping upward pressure on both spot and contract prices.

Source: TradeTech - https://www.uranium.info/press_releases.php