TradeTech’s gauge for long-term uranium pricing has climbed 15 percent over the past twelve months
Ongoing shifts in market conditions and regulatory landscapes keep reinforcing sellers’ conviction that near-term demand is exceeding available supply, a trend expected to persist.”— Treva Klingbiel, President of TradeTech
Throughout the third quarter of 2026, the long-term uranium sector experienced consistent activity. Industry consultancy TradeTech reports that its monthly Long-Term Uranium Price Indicator stayed at US$97.00 per pound of uranium oxide (U3O8) across June, July, August, and September. This figure represents a $13.00 rise compared to the benchmark recorded on September 30, 2025.
The Long-Term Uranium Price Indicator as of September 30 stands at its highest point in more than 18 years, reflecting recent finalized transactions and active offers.
“Right now, multiple utilities are looking to acquire U3O8, with delivery schedules beginning as soon as 2027 and stretching into the late 2030s. Ongoing shifts in market conditions and regulatory landscapes keep reinforcing sellers’ conviction that near-term demand is exceeding available supply, a trend expected to persist,” stated Treva Klingbiel, President of TradeTech.
About TradeTech
TradeTech—along with its predecessor organizations—has served the uranium and nuclear fuel cycle industry for over 50 years. It is widely acknowledged for its proficiency in trading operations and its deep insight into the technical, economic, and political forces influencing this sector. The firm offers expert market advisory services, maintains connections with international nuclear fuel purchasers and suppliers, and keeps a broad information database on these industries.
TradeTech’s Long-Term Uranium Price Indicator represents the company’s assessment of the baseline price at which contracts for uranium’s long-term supply could be finalized as of the final day of the month, for deals where the price upon delivery would be an escalation of that baseline from an earlier date.
The company’s "Nuclear Market Review" (NMR) comes out every Friday evening, detailing the Weekly Uranium Spot Price Indicator, uranium trading activity, sector news, and market statistics. The monthly NMR edition, issued on the last day of each month, provides TradeTech Market Values (including Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value), along with Mid- and Long-Term Uranium Price Indicators and the Production Cost Indicator. It also features analysis regarding price determinations, supply and demand data, and industry and financial news. Additionally, TradeTech releases "The Nuclear Review," a monthly trade periodical focused on the global uranium and nuclear energy field, and a quarterly “Uranium Market Study.”
Treva Klingbiel
TradeTech
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