Uranium Price Outlook Heats Up as Market Tightens -- Market Talk

Dow Jones
02/04

2236 GMT - Citi sees uranium prices rising, supported by lower mine supply from Kazakhstan and Africa, and increasing utility demand. It raises its 0-3 month forecast by $25 to $105/pound. It raises its 6-12 month forecast, also by $25, to $125/pound. Spot uranium was last at $94/pound. Citi also revises higher its other price forecasts through 2027. It projects an average price of $131 next year, up $21 on its earlier forecast. "Financial speculators, including Sprott Physical Uranium Trust have intensified its activity in the recent period with substantial fundraising amounts and uranium procurement on the spot market," Citi says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

February 03, 2026 17:36 ET (22:36 GMT)

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