📈 The Volatility of Uranium Prices: Highs and Lows from 1990 to 2025

Uranium prices (NUEXCO, US$ per pound) have experienced pronounced cycles since 1990, driven by shifting nuclear energy demand and supply dynamics. A surge in demand during the early 2000s—combined with supply constraints—pushed prices to a record high above $140 per pound. This was followed by a prolonged decline and a period of relative stability. Renewed global interest in nuclear energy as a low-carbon solution contributed to a fresh price rally in the early 2020s. Prices peaked again at $81 per pound in February 2024 before falling to $52 by March 2025, with a partial recovery to $60 by June 2025.