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.

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

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

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.

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

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.

Discover the booming Triuranium Octoxide (U3O8) market: Explore projected growth to $23 Billion by 2033, key drivers (nuclear power, military), leading companies, and regional market share analysis. Learn about market challenges & opportunities.

The global Triuranium Octoxide (U3O8) market is experiencing robust growth, driven by the increasing demand for nuclear energy and its continued role in military applications. While precise market sizing data is unavailable, considering industry reports and typical growth patterns for commodities, we can reasonably estimate the 2025 market size to be around $15 billion, considering a significant portion of production is tied to government contracts which aren't always fully publicized. The compound annual growth rate (CAGR) is projected to be approximately 5% for the forecast period (2025-2033), indicating a steady expansion of the market. This growth is primarily fueled by several factors: the ongoing need for stable and reliable baseload power, leading to increased nuclear power plant construction globally; advancements in reactor technology enhancing efficiency and safety; and, despite efforts towards renewable energy, the persistent strategic importance of uranium in military applications. However, the market also faces constraints such as environmental concerns surrounding nuclear waste disposal, fluctuating uranium prices influenced by geopolitical events, and the competition from alternative energy sources. Segmentation analysis reveals that In Situ Leach Mining (ISL) is a dominant extraction method, followed by open-pit and underground mining. Nuclear power generation constitutes the largest application segment, highlighting the crucial role of U3O8 in energy production. Key players such as Kazatomprom, Orano, and Cameco dominate the market landscape, with their production and market share significantly influencing global prices and supply chains. The projected 5% CAGR suggests a market size of approximately $23 billion by 2033, assuming consistent growth. Regional variations are expected, with North America and Asia-Pacific leading in both consumption and production. However, significant opportunities exist in developing economies where energy needs are rapidly increasing, and nuclear power presents a reliable solution. Growth strategies for market participants will likely center around optimizing extraction methods, improving waste management practices, and collaborating on technological advancements to improve efficiency and safety. The geopolitical environment will continue to play a significant role, with international agreements and policies influencing the overall market dynamics and price fluctuations. This in-depth report provides a comprehensive analysis of the global Triuranium Octoxide (U3O8) market, offering valuable insights for stakeholders across the nuclear fuel cycle. The report delves into production trends, market dynamics, key players, and future growth projections, leveraging extensive data analysis and industry expertise. This report is crucial for investors, industry professionals, and researchers seeking to navigate the complexities of this vital market.

In 2022, Kazakhstani mining company Kazatomprom was the world's largest producer of uranium by a large margin. Kazatomprom's uranium production amounted to ****** metric tons of uranium that year.

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.