Uranium prices averaged USD 73.15 per pound in August, up 0.1% from July. On 29 August, the commodity traded at USD 76.40 per pound, up 6.9% from 31 July.
The average price in August was hit by a carry-over effect: The spot price declined in late July. In August, the spot price actually rose, nearing the seven-month high reached in June. Cameco said that it now expects to produce 20% less uranium than originally projected, and Kazatomprom said it would curtail output next year.
This chart displays Uranium (US$/lb) from 2023 to 2025.
Uranium U3O8 (prices in US$/lb, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Uranium U3O8 | - | - | 50.95 | 72.06 | 96.40 | 88.85 | 81.98 | 78.44 | 68.31 | 70.01 | - | - |