Uranium Prices

Uranium prices averaged USD 64.40 per pound in March, down 4.0% from February. On 31 March, the commodity traded at USD 64.60 per pound, down 0.5% from 28 February.

Uranium prices slumped to an 18-month low as the U.S. signaled efforts to mend relations with sanctions-hit Russia, a major producer of uranium. Moreover, bets on future U.S. nuclear demand cooled as U.S. AI models—which consume large amounts of energy—were challenged by seemingly far more efficient Chinese competitors.