Uranium prices averaged USD 85.81 per pound in July, up 0.2% from June. On 31 July, the commodity traded at USD 86.50 per pound, up 1.5% from 30 June.
Since early February, the uranium spot market—thinly traded and opaque—has been sleepy. Still, in July, there were some bullish developments: Australia agreed to export the fuel to India, and the U.S. pledged to help Saudi Arabia develop a civil nuclear industry.
This chart displays Uranium (US$/lb) from 2024 to 2026.
Uranium U3O8 (prices in US$/lb, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Uranium U3O8 | - | - | 81.98 | 78.44 | 68.31 | 70.01 | 74.76 | 78.49 | 86.74 | 85.74 | - | - |