Uranium fell to 76.40 USD/Lbs on December 1, 2025, down 0.07% from the previous day. Over the past month, Uranium's price has fallen 5.45%, and is down 1.80% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Uranium - values, historical data, forecasts and news - updated on December of 2025.

In June 2025, the global average price per pound of uranium stood at roughly 59.58 U.S. dollars. Uranium prices peaked in June 2007, when it reached 136.22 U.S. dollars per pound. The average annual price of uranium in 2024 was 69.69 U.S. dollars per pound. Global uranium production Uranium is a heavy metal, and it is most commonly used as a nuclear fuel. Nevertheless, due to its high density, it is also used in the manufacturing of yacht keels and as a material for radiation shielding. Over the past 50 years, Kazakhstan and Uzbekistan together dominated uranium production worldwide. Uranium in the future Since uranium is used in the nuclear energy sector, demand has been constantly growing within the last years. Furthermore, the global recoverable resources of uranium increased between 2015 and 2021. Even though this may appear as sufficient to fulfill the increasing need for uranium, it was forecast that by 2035 the uranium demand will largely outpace the supply of this important metal.

View monthly updates and historical trends for Uranium Spot Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

The average annual price for one pound of uranium was ******U.S. dollars in 2024. This is the highest annual average since 2007, and comes in the wake of greater fuel demand as the global economy began recovering from the coronavirus pandemic as well as the energy crisis.

Graph and download economic data for Global price of Uranium (PURANUSDM) from Jan 1990 to Jun 2025 about uranium, World, and price.

Monthly and long-term uranium price data (US$/lb): historical series and analyst forecasts curated by FocusEconomics.

In the second quarter (Q2) of 2025, the price of uranium amounted to more than 70 U.S. dollars per pound globally. By comparison, the global price of uranium during Q4 2022 stood at approximately 50.1 U.S. dollars per pound.

Global demand for uranium is forecast to reach *** million pounds of U3O8 by 2035. While demand will be growing constantly, supply of uranium was expected to drop over time. It was forecasted that new assets will be required to fill that supply gap.

This data release compiles the whole-rock geochemistry, X-ray diffraction, and electron microscopy analyses of samples collected from the uranium ore bodies of two mined-out deposits in the Grand Canyon region of northwestern Arizona - the Hack II and Pigeon deposits. The samples are grab samples of ore collected underground at each mine by the U.S. Geological Survey (USGS) during the mid-1980s, while each mine was active. The Hack II and Pigeon mines were remediated after their closure, so these data, analyses of samples in the archives of the USGS, are provided as surviving, although limited representations of these ore bodies. The Hack II and Pigeon deposits are similar to numerous other uranium deposits hosted by solution-collapse breccia pipes in the Grand Canyon region of northwest Arizona. The uranium-copper deposits occur within matrix-supported columns of breccia (a "breccia pipe") that formed by solution and collapse of sedimentary strata (Wenrich, 1985; Alpine, 2010). The regions north and south of the Grand Canyon host hundreds of solution-collapse breccia pipes (Van Gosen and others, 2016). Breccia refers to the broken rock that fills these features, and pipe refers to their vertical, pipe-like shape. The breccia pipes average about 300 ft (90 m) in diameter and can extend vertically for as much as 3,000 ft (900 m), from their base in the Mississippian Redwall Limestone to as stratigraphically high as the Triassic Chinle Formation. The breccia fragments are blocks and pieces of rock units that have fallen downward, now resting below their original stratigraphic level. In contrast to many other types of breccia pipes, there are no igneous rocks associated with the northwestern Arizona breccia pipes, nor have igneous processes contributed to their formation. Many of these breccia pipes contain concentrated deposits of uranium, copper, arsenic, barium, cobalt, lead, molybdenum, nickel, antimony, strontium, vanadium, and zinc minerals (Wenrich, 1985), which is reflected in this data set. The Hack II and Pigeon mines were two of thirteen breccia pipe deposits in the Grand Canyon region mined for uranium from the 1950s to present (2020) (Alpine, 2010; Van Gosen and others, 2016). While hundreds of breccia pipes in the region have been identified (Van Gosen and others, 2016), six decades of exploration across the region has found that most are not mineralized or substantially mineralized, and only a small percentage of the breccia pipes contain economic uranium deposits. The most recent mining operation in a breccia pipe deposit in the region is the Canyon mine, located about 6.1 miles (10 km) south-southeast of Tusayan, Arizona. In 2018, Energy Fuels completed a mine shaft and other mining facilities at the Canyon deposit, a copper- uranium-bearing breccia pipe (Van Gosen and others, 2020); however, this mining operation is currently (2020) inactive, awaiting higher market prices for uranium oxide. The Hack II deposit is one of four breccia pipes mined in Hack Canyon near its intersection with Robinson Canyon (Chenoweth, 1988; Otton and Van Gosen, 2010), approximately 30 miles (48 km) southwest of Fredonia and 9 miles (14.5 km) north-northwest of Kanab Creek. Hack Canyon incised and exposed part of the "Hacks" (or "Hack Canyon") breccia pipe, which was discovered and mined as a surface mine in the early 1900s for copper and silver. The original Hacks mine and adjacent Hack I deposit were later mined underground for uranium from 1950 to 1954 (Chenoweth, 1988). The Hack II deposit was discovered in the late 1970s along Hack Canyon about 1 mile (1.6 km) upstream of the Hacks and Hack I mines. The Hack II mine is located at latitude 36.58219 north, longitude -112.81059 west (datum of WGS84). Mining began at Hack II in 1981 and ended in May 1987. The USGS collected the ore samples reported in this data release in 1984 from underground exposures in the Hack II mine while it was in operation. Reclamation of the four mines in the area (Hacks, Hack I, Hack II, and Hack III) was planned and completed from March 1987 to April 1988, including infilling of the shafts and adits. Total production from the Hack II mine was reported as 7.00 million pounds (3.2 million kilograms) of uranium oxide from ore that had an average grade of 0.70 percent uranium oxide. This represents the largest uranium production from a breccia pipe deposit in the Grand Canyon region thus far (Otton and Van Gosen, 2010). The Pigeon mine was discovered along Kanab Creek in 1980. The site was prepared and developed from 1982 to 1984, and mining began in December 1984. The pipe was mined out in late 1989 and reclamation begun shortly thereafter. The former mine site is located at latitude 36.7239 north, longitude -112.5275 south (datum of WGS84). The Pigeon mine reportedly produced 5.7 million pounds (2.6 million kilograms) of ore that had an average grade of 0.65 percent uranium oxide. The five Pigeon deposit samples reported in this data release were collected by the USGS from underground exposures in the Pigeon mine in 1985, while the mine was in operation. Fourteen samples of Hack II ore and two samples of Pigeon ore were analyzed for major and trace elements by a laboratory contracted by the USGS. Concentrations for 59 elements were determined by Inductively Coupled Plasma-Optical Emission Spectrometry (ICP-OES). Additionally, carbonate carbon (inorganic carbon), total carbon, total sulfur, iron oxide, and mercury concentrations were determined using other element-specific analytical techniques. These 16 samples and an additional four Hack II ore samples and three Pigeon ore samples were analyzed by X-ray diffraction (XRD) to determine their mineralogy. Polished thin sections cut from six of the Hack II ore samples were examined using a scanning electron microscope equipped with an energy dispersive spectrometer (SEM-EDS) to identify the ore minerals and observe their relationships at high magnification. The EDS vendor's auto identification algorithm was used for peak assignments; the user did not attempt to verify every peak identification. The spectra for each EDS measurement are provided in separate documents in Portable Data Format (pdf), one document for each of the six samples that were examined by SEM-EDS. The interpreted mineral phase(s), which is based solely on the judgement of the user, is given below each spectrum. References cited above: Alpine, A.E., ed., 2010, Hydrological, geological, and biological site characterization of breccia pipe uranium deposits in northern Arizona: U.S. Geological Survey Scientific Investigations Report 2010-5025, 353 p., 1 plate, scale 1:375,000. Available at http://pubs.usgs.gov/sir/2010/5025/ Chenoweth, W.L., 1988, The production history and geology of the Hacks, Ridenour, Riverview and Chapel breccia pipes, northwestern Arizona: U.S. Geological Survey Open-File Report 88-648, 60 p. Available at https://pubs.usgs.gov/of/1988/0648/report.pdf Otton, J.K., and Van Gosen, B.S., 2010, Uranium resource availability in breccia pipes in northern Arizona, in Alpine, A.E., ed., Hydrological, geological, and biological site characterization of breccia pipe uranium deposits in northern Arizona: U.S. Geological Survey Scientific Investigations Report 2010-5025, p. 23-41. Available at http://pubs.usgs.gov/sir/2010/5025/ Van Gosen, B.S., Johnson, M.R., and Goldman, M.A., 2016, Three GIS datasets defining areas permissive for the occurrence of uranium-bearing, solution-collapse breccia pipes in northern Arizona and southeast Utah: U.S. Geological Survey data release, https://doi.org/10.5066/F76D5R3Z Van Gosen, B.S., Benzel, W.M., and Campbell, K.M., 2020, Geochemical and X-ray diffraction analyses of drill core samples from the Canyon uranium-copper deposit, a solution-collapse breccia pipe, Grand Canyon area, Coconino County, Arizona: U.S. Geological Survey data release, https://doi.org/10.5066/P9UUILQI Wenrich, K.J., 1985, Mineralization of breccia pipes in northern Arizona: Economic Geology, v. 80, no. 6, p. 1722-1735, https://doi.org/10.2113/gsecongeo.80.6.1722

Four schemes are considered for the extraction of a Limited quantity of 5 pound ore from the Mount Victoria uranium deposit. Of these, the scheme involving the mining of the ore down to a depth of 85 feet by a syndicate of miners is definately the... Four schemes are considered for the extraction of a Limited quantity of 5 pound ore from the Mount Victoria uranium deposit. Of these, the scheme involving the mining of the ore down to a depth of 85 feet by a syndicate of miners is definately the cheapest. Under this scheme, ore can be delivered profitably at Radium Hill under the price schedule set out by the Commonwealth for the purchase of uranium ores.

Uranium mining in Australia began in 1954 at Rum Jungle in the Northern Territory and Radium Hill in South Australia. The first mining of uranium for electricity generation in nuclear reactors began in 1976, at Mary Kathleen in Queensland.

Australia is now the world's second largest producer. In 2004, Canada accounted for 29% of world production, followed by Australia with approximately 22%. Australia's output came from three mines: Ranger, which produced 5138 tonnes of U3O8 (11% of world production), Olympic Dam (4370 t, 9%) and Beverley (1084 t, 2%).

Exports have increased steadily to a record level of 9648 tonnes of U3O8 in 2004, valued at A$411 million.

Australia's uranium sector is based on world-leading resources and high and increasing annual output. Our resources are generally amenable to low-cost production with minimal long-term environmental and social impacts.

Around 85 known uranium deposits, varying in size from small to very large, are scattered across the Australian continent (McKay & Miezitis 2001). After five decades of uranium mining, Australia still has the world's largest uranium resources recoverable at low-cost (less than US$40/kg U, or US$15/lb U3O8). In April 2005, these remaining low-cost resources amounted to 826 650 t U3O8 (= 701 000 t U), or roughly 40% of world resources in this category. Australia's total remaining identified resources in all cost categories amount to 1 347 900 t U3O8.

This statistic shows the value of radioactive materials (excluding uranium, plutonium and thorium) imported by the United Kingdom (UK) from 2011 to 2017, in thousand British pounds. Over the years recorded here, imports of these goods have increased to a value of **** million British pounds in 2017.