British News Agency

According to market analysts, the increase is linked to growing interest from investment funds and stronger long-term expectations regarding nuclear fuel demand. Sprott Physical Uranium Trust, known as the largest specialized fund in the uranium sector, raised its purchases to 2.3 million pounds in the third quarter of 2025.

Analysts note that active fund buying, due to limited liquidity in the uranium market, typically leads to sharp price increases. The U.S. decision to expand its strategic uranium reserves, following reduced supplies from Russia due to import restrictions, also played a role.

Experts in U.S. markets view the development of nuclear energy as a key factor in meeting rising electricity demand. Russia supplies roughly one quarter of the enriched uranium used by U.S. nuclear power plants, and a sudden halt to this supply could pose risks to the energy balance. According to the World Nuclear Association, global uranium demand is expected to increase by nearly one third by 2030 in the long term.