Energy

Uranium (U3O8) · Spot History

USD per pound — manual weekly update · Quotes delayed up to 15 minutes

energyuraniumtime-series

Absolute values (dollar price)

Percentage change from start of period

Logarithmic scale — shows proportional changes equally

50-day Simple Moving Average — short-term trend

200-day Simple Moving Average — long-term trend

Relative Strength Index (14-period) — overbought above 70, oversold below 30

Moving Average Convergence Divergence (12/26/9) — trend & momentum signal

Uranium spot prices across time, using the U3O8 (yellowcake) benchmark sourced from UxC and Cameco data. Uranium has experienced one of the most dramatic price recoveries in commodities — from below $20/lb in the mid-2010s to above $100/lb in recent years — driven by structural supply constraints, post-Fukushima production cuts, and renewed nuclear demand from data center power needs and decarbonization commitments. The chart visualizes a market in genuine structural transition.

Analyst's Note

Uranium is unusual among commodities for several reasons: its market is small (roughly $10 billion annually), it is highly concentrated (a handful of producers in Kazakhstan, Canada, and Australia control most production), it has a multi-year supply response time (mining projects take 7–10 years to develop), and it has limited financial-market exposure compared to gold or oil. The result is a market where structural supply-demand mismatches produce extended price moves rather than mean-reverting cycles. For the analytical investor, uranium is best understood as a long-duration thematic position rather than a tactical commodity trade. The data-center-driven nuclear renaissance is the dominant narrative, and the investment vehicles (URA, URNM, individual miners) all trade with high beta to the spot price.