The U.S. Energy Information Administration released its 2025 Uranium Marketing Annual Report this week, detailing purchasing patterns among owners and operators of U.S. civilian nuclear power reactors. The report shows utilities purchased a total of 46.9 million pounds of triuranium octoxide equivalent from domestic and foreign suppliers during 2025, at a weighted-average price of $58.46 per pound.
Canada supplied the largest share of U.S. uranium deliveries at 32 percent, followed by Kazakhstan at 28 percent, Australia at 15 percent, Uzbekistan at 7 percent and Namibia at 4 percent. Uranium of U.S. origin accounted for just 7 percent of total deliveries, underscoring the country's continued reliance on imported supply for its nuclear fleet.
Spot market purchases made up 13 percent of 2025 deliveries at a weighted-average price of $76.01 per pound, while long-term contracts covered the remaining 87 percent at $55.91 per pound, reflecting the gap between near-term and multi-year pricing. On the enrichment side, U.S. reactor operators paid an average of $108.70 per separative work unit for 13 million units purchased in 2025, up 11 percent from the prior year. Domestic enrichment suppliers provided 37 percent of that feed, with the remainder split among Russia, France, the United Kingdom and the Netherlands.
Spot uranium prices have held close to $86 per pound since February 2026, with end-of-July pricing at $86.36 per pound according to fuel supplier Cameco, and futures tracked by Trading Economics at $86.60 per pound. The steady pricing follows a period of sharper swings over the past two years as utilities worked through contract renewals amid tightening global supply.
Source: American Nuclear Society, Nuclear Newswire -- https://www.ans.org/news/2026-08-05/article-8270/uranium-prices-steady-as-eia-releases-annual-market-report/