Front-month uranium futures approach $89 a pound, the highest since February, amid supply constraints and rising nuclear power demand.
Uranium futures climbed to $89 a pound in August, nearing levels last seen in early February, as persistent supply shortages and increased nuclear energy adoption drive prices higher. The rally follows a brief surge above $100 in January before settling between $84 and $87 for months.
Years of underinvestment in mining have limited supply growth, while governments and industries boost nuclear power to meet rising electricity demand, particularly from AI infrastructure. The market remains sensitive to geopolitical and policy shifts supporting nuclear energy.
No immediate market reaction was reported, but the trend underscores tightening supply dynamics and long-term demand growth.