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Canada supplied 32% of U.S. reactor uranium in 2025, EIA reports

The Uranium Marketing Annual Report released July 29, 2026 puts 2025 deliveries at 46.9 million pounds at a weighted average of US$58.46 a pound, with long-term contracts priced far below spot.

The U.S. Energy Information Administration released its Uranium Marketing Annual Report with 2025 data on July 29, 2026. Owners and operators of U.S. civilian reactors took delivery of 46.9 million pounds of U₃O₈ equivalent during the year, 16% less than in 2024, at a weighted-average price of US$58.46 a pound, 11% above the 2024 average of US$52.71 [1].

Canada was the largest source at 32% of deliveries, ahead of Kazakhstan at 28% and Australia at 15%; material of U.S. origin was 7%, down from 8% in 2024 [1]. The pricing split is the number worth keeping. Spot contracts accounted for 13% of deliveries at US$76.01 a pound, while long-term contracts supplied 87% at US$55.91 [1]. Utilities also reported unfilled requirements of 186 million pounds for 2025 through 2035, against maximum anticipated requirements of 360 million pounds over the next ten years [1].

For a U.S. reader, two things follow. The dependency on Canadian uranium is a fact of the fleet, not a forecast. And the average pound delivered last year was priced well under the spot headlines, which is why a Canadian producer's realized price can trail the chart by years. The unfilled-requirements figure is where new contracts, and new prices, will come from.

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  1. 1
    Uranium Marketing Annual Report (2025 data) U.S. Energy Information Administration · July 29, 2026 (re-released with revisions August 13, 2026)

    46.9M lb U₃O₈e delivered in 2025, 16% lower than 2024; weighted-average price US$58.46/lb, 11% above 2024's US$52.71; Canada 32%, Kazakhstan 28%, Australia 15%, Uzbekistan 7%, U.S. 7%; spot contracts 13% at US$76.01, long-term 87% at US$55.91; unfilled requirements 2025–2035 of 186M lb; maximum anticipated requirements 360M lb over ten years.

This note belongs with the research brief The uranium price that pays is in the contract book.

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