Copper and Uranium in a Potential Catastrophe, Grandich's Current Strategy Revealed
In a recent discussion, Peter Grandich of Peter Grandich & Co. highlighted the fundamentals of the uranium market, predicting a bullish outlook for uranium prices. As of August 2025, spot uranium prices are around $71.50 to $77 per pound, with long-term contract prices near $82 per pound [1][2][4].
Key price points include Ur Energy's Q2 2025 average uranium selling price of $63.20 per pound, which rose to $77.08 per pound by mid-2025 [1]. Energy Fuels reports spot and long-term prices at $71.50 and $82.00 per pound respectively, as of August 1, 2025 [2][4].
The uranium market is driven by several factors. Rising nuclear reactor builds in the U.S., backed by a $75 billion government commitment and a target of 400 GW nuclear capacity by 2050, are underpinning long-term uranium demand [1]. The market also benefits from expanding production capacity, such as Ur Energy’s Shirley Basin Project, which plans an 83% capacity increase by 2026 [1]. Additionally, increased investor interest, like the Sprott Physical Uranium Trust's capital raises, is supporting the market [1].
Analysts and technical experts express a bullish forecast for uranium prices, aligned with growing global nuclear energy needs amid clean energy transitions [3]. This bullish outlook is reflected in the equities of uranium-related companies.
Higher uranium prices improve revenue visibility and profitability for uranium producers, as seen in Ur Energy’s multi-year sales agreements that partially hedge pricing but also allow benefits from rising prices [1]. Companies with low production costs, like Energy Fuels (expected cost of goods sold to drop to $30-$40 per pound in early 2026), can capitalize on higher market prices to enhance margins [4].
Expansion projects and strategic positioning in the uranium space are likely to positively influence equity performance as uranium prices sustain or increase due to market fundamentals [1][2]. Overall, the bullish uranium price environment tends to lift equities in uranium mining and processing firms, signalling better revenues and long-term growth prospects [1][3].
In summary, the current uranium prices are robust and expected to remain strong or rise, driven by nuclear energy demand growth and supply constraints. This trend favours companies with production scalability and cost control, boosting the equities of uranium-related companies.
This article was published by our organisation, Resource.
References: [1] Ur Energy Inc. Q2 2025 Earnings Release. (2025). Retrieved from https://www.ur-energy.com/news-and-events/press-releases [2] Energy Fuels Inc. News Release. (2025, August 1). Retrieved from https://www.energyfuels.com/news-and-media/press-releases [3] International Atomic Energy Agency. (2025). World Nuclear Power Reactors Operational and Construction Activity. Retrieved from https://www.iaea.org/resources/world-nuclear-power-reactors-operational-and-construction-activity [4] Grandich, P. (2025, August 10). Interview with Peter Grandich on the Uranium Market. Retrieved from https://www.resourcemag.com/interviews/peter-grandich-on-the-uranium-market/
- In light of the uranium market's positive outlook, investors may consider investing in uranium-related companies, since being positioned in the space could potentially lead to increased profits as the prices sustain or rise, driven by technological advancements in nuclear energy.
- The expanding capacity in uranium production, such as Ur Energy’s Shirley Basin Project, coupled with the growing demand for nuclear energy, may result in substantial opportunities for finance in the uranium sector, predicted to significantly benefit companies with robust technology and cost-effective production methods.
