TradeTech long-term uranium price hits 18-year high at $97

TradeTech lifted its monthly long-term uranium price indicator to $97.00 per pound on June 30, the highest level in more than 18 years. The move reflects stronger utility demand and more long-term contracting activity as nuclear power sentiment and electricity demand rise.

Why it matters: - The long-term uranium market is signaling tighter demand and stronger utility interest in future nuclear fuel supply. - Higher long-term pricing can influence multi-year contract terms for uranium producers, utilities, and fuel buyers. - The move comes as utilities reassess nuclear power’s role amid rising electricity demand.

What happened: - TradeTech raised its monthly Long-Term Uranium Price Indicator to US$97.00 per pound of uranium oxide (U3O8) on June 30, 2026. - The indicator increased by US$10.00 from December 31, 2025, and by US$2.00 from the prior month. - The June 30 reading is the highest price level in more than 18 years, based on recent transactions and outstanding offers. - TradeTech said activity in the long-term uranium market strengthened during the second quarter of 2026. - Utility demand emerged and several transactions were reported during the quarter.

The details: - TradeTech President Treva Klingbiel said utilities recognize a fundamental shift in support for nuclear power. - Klingbiel said rising electricity demand is expected to lift demand for uranium and nuclear fuel. - That shift has led to more term uranium requests and more utilities examining long-term commitments. - Recent uranium transactions have supported the upward trend in the long-term uranium price that has been evident for several months, Klingbiel said. - TradeTech said transactional terms vary based on the delivery period, supplier status, jurisdiction and price formulas. - TradeTech’s Long-Term Uranium Price Indicator reflects the company’s judgment of the base price at which long-term uranium deliveries could be concluded as of month-end, when later delivery prices escalate from a prior base price.

Between the lines: - The price jump suggests buyers are becoming more willing to lock in supply before the market tightens further. - The combination of utility demand and longer-term contracting interest points to growing confidence in nuclear fuel requirements over time. - The wide range of observed prices also shows that deal structure still matters as much as headline market strength.

What's next: - TradeTech’s monthly and weekly uranium publications will continue to track spot and term pricing, market values, and supply-demand trends. - More utility contracting activity could keep upward pressure on long-term uranium prices if current demand trends persist. - Market participants will watch whether the recent transaction support turns into a broader pricing benchmark for new deals.

The bottom line: - TradeTech’s long-term uranium benchmark is at its highest level in nearly two decades, and the move underscores a firmer outlook for uranium demand.