Long-term uranium prices hit a record $96/lb, climbing 12% YTD, even as nuclear-related equities struggle to maintain pace with the underlying commodity's bullish trajectory.
Uranium prices have reached historic levels, with long-term contracts hitting an all-time high of $96/lb and spot prices trading near $90/lb. This 12% year-to-date increase reflects a significant supply-demand imbalance, surpassing the previous record set during the 2007 market peak as reported by UxC data.
The long-term price is $96/lb, which is an all-time record.
Current long-term prices have surpassed the previous record of $95/lb set in mid-2007.
Uranium prices have reached an all-time high of $96/lb for long-term contracts, marking a 12% gain year-to-date. Despite the commodity's bullish momentum, equity markets have shown a disconnect, failing to reflect the same optimism seen in the physical fuel market.
The market is reacting to supply-demand dynamics and the broader nuclear renaissance narrative, with long-term contract prices hitting record highs of $96/lb.