Uranium prices averaged USD 65.32 per pound in April, up 1.4% from March. On 30 April, the commodity traded at USD 67.65 per pound, up 4.7% from 31 March.
After slumping to a 19-month low in March, uranium prices ticked up in April. Though Trump’s tariffs are likely to hurt demand for energy, and therefore for uranium, they could also limit supplies of the fuel; the U.S. imports most of its supply of uranium.
This chart displays Uranium (US$/lb) from 2023 to 2025.
Uranium U3O8 (prices in US$/lb, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Uranium U3O8 | - | 50.95 | 50.95 | 72.06 | 96.40 | 88.85 | 81.98 | 78.44 | 68.31 | - | - | - |