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2025-09-16 19:37:18
[Uranium Prices Fall from Two-Month High, Supply Disruptions Intertwine with Demand Outlook] ⑴ U.S. uranium futures prices fell to $75 per pound, down from a two-month high of $77 reached on September 8th, as the market reassessed the actual impact of supply disruptions. ⑵ Trump exempted uranium and other certain metals from country-specific tariffs effective September 8th, easing potential capacity pressures on domestic utilities. ⑶ Canada's Cameco, the world's second-largest uranium miner, lowered its annual production guidance due to delays in the expansion of its MacArthur mine in Saskatchewan. ⑷ Kazakhstan's Kazatomprom, the largest producer, announced a 10% production cut next year, citing volatility in the spot uranium market. ⑸ On the demand side, the World Nuclear Association report predicts that demand for uranium for nuclear power generation will grow by 28% by 2030. ⑹ This demand growth reflects governments' preference for nuclear power to achieve energy security goals and the continued rise in demand for data centers from software companies.
