Uranium prices held near 85 dollars a pound in June 2026, settling into a narrow range since early April after erasing a sharp rally that pushed spot prices above 101 dollars earlier in the year. The market saw a volatile start to 2026, with the early surge fading amid geopolitical instability before stabilizing.
Domestic supply remains a structural concern. U.S. uranium concentrate production reached 1.04 million pounds in the fourth quarter of 2025, a 217 percent jump from the prior quarter, yet the country consumes more than 50 million pounds annually. That gap leaves utilities dependent on imports and existing stockpiles, a vulnerability that has drawn growing policy attention.
Several developments in 2026 pointed to expanding demand. Urenco announced plans to increase enrichment capacity at its U.S. facility by nearly 50 percent, signaling confidence in long-term nuclear growth. Meta and Microsoft each signed agreements to secure nuclear capacity for future AI data center operations, additions that followed a federal push to speed approvals for new power plants.
Mining equities outpaced the commodity itself, rising on average around 40 percent for the year even as spot prices stayed muted. Energy Fuels drew particular interest because it pairs uranium output with a growing rare earth business, offering exposure to both nuclear fuel and critical minerals. With utility contracting re-emerging after years of underbuying, the longer-term outlook for uranium remained firm heading into the second half of 2026.
Source: Investing News Network - https://investingnews.com/uranium-forecast/