Uranium prices averaged USD 77.21 per pound in November, down 2.5% from October. On 28 November, the commodity traded at USD 76.10 per pound, down 7.5% from 31 October.
After trending up since April, uranium prices fell in November as the supply outlook improved, with Kazatomprom, the world’s top uranium miner, reporting that exports rose 33% and output increased 10% in Q3. Canadian mining firm Cameco also recently released relatively upbeat production guidance.
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 | - | - | - | 72.06 | 96.40 | 88.85 | 81.98 | 78.44 | 68.31 | 70.01 | 74.76 | - |