Miner Company
Surging Uranium Demand Meets A Fragile Supply Base
According to data reported by Cameco (CCJ), term prices rose roughly 7% during the quarter to $81.55 per pound, narrowing the gap with spot prices. The WNA estimates uranium demand will increase from roughly 179 million pounds in 2025 to approximately 330 million pounds by 2040—an increase of about 85%.
According to data reported by Cameco (CCJ), term prices rose roughly 7% during the quarter to $81.55 per pound, narrowing the gap with spot prices. The WNA estimates uranium demand will increase from roughly 179 million pounds in 2025 to approximately 330 million pounds by 2040—an increase of about 85%.