Uranium is back in the spotlight once again. The world is leaning harder on nuclear power to support clean energy goals, grid stability, and rising electricity demand from artificial intelligence (AI)-driven data centers. But just as nuclear momentum builds, the fuel behind it is facing pressure.
A looming supply crunch in enriched uranium, tighter Western supply chains, and restrictions on Russian imports are creating a structural imbalance, as per Centrus Energy (LEU) CEO Amir Vexler. Consequently, spot uranium prices have jumped sharply in 2026, crossing $100 per pound and signaling renewed strength in the commodity cycle.
