TradeTech long-term uranium price holds at $97 for four months

TradeTech said its monthly Long-Term Uranium Price Indicator stayed at $97.00 per pound of uranium oxide from June through September 2026, marking the highest level in more than 18 years. The price has risen 15% over the past year as utilities seek long-dated supply and sellers point to tightening near-term availability.

Why it matters: - TradeTech’s long-term uranium benchmark signals sustained strength in the nuclear fuel market. - The $97.00-per-pound level is the highest in more than 18 years, which can influence contracting, pricing expectations and supply planning. - The indicator has climbed $13.00 from the September 30, 2025 benchmark, a 15% increase in one year.

What happened: - TradeTech said its Long-Term Uranium Price Indicator stayed at US$97.00 per pound of uranium oxide (U3O8) in June, July, August and September 2026. - The monthly indicator held steady through the third quarter after rising to a historical high. - TradeTech President Treva Klingbiel said several utilities are actively seeking U3O8 for deliveries beginning as early as 2027 and extending into the late 2030s.

The details: - The September 30 Long-Term Uranium Price Indicator was based on recent transactions and outstanding offers. - TradeTech said unfolding market and policy developments support sellers’ view that demand is outstripping available supply in the near term and likely will continue to do so. - TradeTech’s Long-Term Uranium Price Indicator reflects the company’s judgment of the base price at which long-term delivery transactions for uranium could be concluded as of month-end. - The price indicator applies to transactions in which the delivery price would escalate from a previous point in time. - TradeTech also publishes a weekly "Nuclear Market Review" with the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news and market data. - The monthly edition of the NMR includes TradeTech Market Values, Mid- and Long-Term Uranium Price Indicators, a Production Cost Indicator and analysis of price, supply, demand and industry news. - TradeTech publishes "The Nuclear Review," a monthly trade publication on the international uranium and nuclear energy industry, and a quarterly "Uranium Market Study." - TradeTech and its predecessor companies have supported the uranium and nuclear fuel cycle industry for more than 50 years. - The company says it maintains relationships with international nuclear fuel buyers and sellers and an extensive information database on these industries.

Between the lines: - The flat price across four months suggests the market has reached a high but is not yet breaking higher. - The long-dated utility demand mentioned by TradeTech points to confidence in nuclear fuel needs well into the next decade. - The combination of policy shifts and supply concerns is helping keep seller expectations elevated.

What's next: - TradeTech’s monthly pricing updates will show whether the long-term uranium market pushes above $97.00 or continues to hold near the current high. - Utility procurement for 2027 through the late 2030s will remain a key watchpoint for future price direction. - TradeTech will continue publishing its weekly and monthly market reports, along with its quarterly uranium market study.

The bottom line: - Long-term uranium pricing remains elevated, and TradeTech sees demand keeping pressure on supply as the market heads into late 2026.