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Russia Curbs Uranium Exports to US, Prices Jump

Global uranium markets reacted swiftly on Friday as Russia imposed new controls on shipments to the United States, though the restrictions appear to leave room for continued trade between the nations.

The announcement from Moscow, which dominates global uranium enrichment with 44% of capacity, sent uranium futures for November 2025 delivery up $4 to $84 per pound, market researcher UxC reported. This surge contrasts with recent market weakness that saw spot prices decline to $77 from May highs near $90.

Market participants have turned cautious following the news. “Many sellers have backed away from making offers at the moment as they assess the impact,” UxC President Jonathan Hinze told Reuters.

Despite positioning the move as retaliation against US import restrictions, Moscow’s order includes provisions for continued exports through authorized companies. The development comes as the US works to reduce its reliance on Russian nuclear fuel, which historically supplied 35% of its needs.

US domestic capacity remains limited to a single commercial facility in New Mexico run by Urenco, though expansion plans are underway. French nuclear specialist Orano has also outlined plans to start US enrichment operations by the early 2030s.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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