Uranium prices averaged USD 85.62 per pound in June, up 0.1% from May. On 30 June, the commodity traded at USD 85.25 per pound, up 0.4% from 29 May.
The spot market remained languid in June, with Sprott—owner of the world’s top physical uranium fund—forgoing purchases again. The market is still thinly traded and opaque, dominated by long-term contracts. That said, this could soon change, with CME Group reported to be mooting a physically based uranium futures contract.
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 | - | - |