Uranium rose to 76.50 USD/Lbs on October 23, 2025, up 0.13% from the previous day. Over the past month, Uranium's price has fallen 6.88%, and is down 6.71% 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 October 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.

Graph and download economic data for Global price of Uranium (PURANUSDQ) from Q1 1990 to Q2 2025 about uranium, World, and price.

Uranium Prices - Historical chart and current data through 2025.

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Uranium Market Size 2025-2029

The uranium market size is forecast to increase by USD 2.18 billion at a CAGR of 8.2% between 2024 and 2029.

The market is characterized by the rising adoption of uranium in nuclear weapons and nuclear reactors, presenting significant growth opportunities. This is due to the escalating reliance on renewable energy, and the rise in uranium mining initiatives. Uranium's role as a primary fuel source in nuclear energy generation continues to expand, driven by the increasing demand for clean energy and the depletion of conventional energy resources. However, the market faces substantial challenges due to the high initial and production costs of uranium. These costs, coupled with the volatility in uranium prices, pose significant challenges for market participants.
Additionally, investments in research and development of advanced nuclear technologies, such as small modular reactors and nuclear fusion, could offer potential solutions to the high production costs and supply constraints, positioning these companies at the forefront of the evolving market landscape. To capitalize on the growth opportunities and navigate these challenges effectively, companies must focus on optimizing production costs, exploring alternative sources of uranium, and collaborating with industry peers to share best practices and resources. The market is witnessing significant growth due to the increasing adoption of uranium in nuclear weaponry and nuclear reactors.

What will be the Size of the Uranium Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is characterized by a complex interplay of factors, including nuclear emergency response, fusion power research, and nuclear weapons proliferation and disarmament. Small modular reactors and advanced reactors are gaining traction as solutions for nuclear energy security, while radioactive tracer and isotope production are essential in various industries, from agriculture to medical imaging. Nuclear fuel reprocessing and spent fuel management are critical aspects of nuclear arms control and non-proliferation efforts. Breeder reactors and nuclear forensics contribute to nuclear security, while radiation therapy, protection, and nuclear medicine imaging advance healthcare applications.
Nuclear energy sustainability is a pressing concern, with the need for effective radioactive waste storage and transportation solutions. The Nuclear Security Summit underscores the importance of addressing nuclear terrorism risks. Nuclear magnetic resonance is a versatile technology with applications in various sectors, from materials science to medical research. Additionally, the production cost of uranium and the prices in the market significantly influence the profitability of nuclear power plants.

How is this Uranium Industry segmented?

The uranium industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Energy
  Military
  Others


Source

  Primary
  Secondary


Application

  Industrial counterweights
  Radiation shielding
  Medical isotopes


Geography

  North America

    US
    Canada
    Mexico


  Europe

    Germany
    Russia
    Ukraine


  APAC

    Australia
    China
    India


  Rest of World (ROW)

By End-user Insights

The energy segment is estimated to witness significant growth during the forecast period. Uranium plays a crucial role in nuclear power generation, supplying fuel for electricity production in power plants around the world. The global shift towards cleaner energy sources and the rising awareness of carbon footprint reduction have fueled the demand for nuclear power. Nuclear power economics have gained significance, leading to increased investment in uranium production and conversion to uranium hexafluoride for enrichment. Uranium mining continues to be a critical aspect of the industry, with safety, regulation, and sustainability being key considerations. Nuclear power plants require stringent safety measures, including radiation detection and shielding, to ensure reliable operation. Nuclear fuel services provide essential support, from fabrication and licensing to decommissioning and waste management.

Uranium oxide is used in fuel assemblies, while uranium metal is essential for nuclear engineering and innovation. Nuclear power infrastructure development, including construction and technology advancements, continues to drive market growth. Despite the challenges of nuclear power regulation and the presence of nuclear weapons, the industry remains committed to nuclear power safety and security. Uranium enrichment and

Index Time Series for Global X Uranium Index ETF. The frequency of the observation is daily. Moving average series are also typically included. NA

Enriched Uranium Market Outlook

The global enriched uranium market is projected to grow significantly from an estimated market size of USD 10.8 billion in 2023 to USD 17.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of approximately 5.5% during this period. This growth trajectory is fueled by an increasing demand for nuclear energy as a reliable and less carbon-intensive power source, which is driving the need for enriched uranium. Additionally, advancements in nuclear technology and a concerted global effort to reduce greenhouse gas emissions bolster the market's expansion. The strategic importance of enriched uranium in both energy production and national security further contributes to its growing market demand.

One of the primary growth factors behind the enriched uranium market is the global shift towards sustainable and low-carbon energy sources. As countries strive to meet international climate commitments and reduce reliance on fossil fuels, nuclear power emerges as a viable alternative. Enriched uranium, being the primary fuel for nuclear reactors, is integral to this shift. The operational efficiency of nuclear power plants, along with their ability to produce significant amounts of energy with minimal environmental impact, makes them attractive to both developed and developing nations. This growing adoption of nuclear energy worldwide significantly boosts the demand for enriched uranium.

Technological advancements in the nuclear sector are also a crucial driver of market growth. Innovations such as next-generation reactors, which offer enhanced safety features and higher efficiency, require enriched uranium for fuel. These reactors are designed to utilize uranium more effectively, reducing waste and increasing output. Furthermore, developments in uranium enrichment technologies, like laser enrichment and centrifuge methods, have made the enrichment process more efficient and cost-effective, thus supporting market expansion. As these technological developments continue to progress, they provide a strong impetus for the enriched uranium market.

Another significant factor contributing to market growth is the geopolitical landscape. Nations are increasingly prioritizing energy security and independence, wherein enriched uranium plays a strategic role. This is particularly evident in countries that lack substantial fossil fuel resources and rely on nuclear power to ensure a stable energy supply. Additionally, the military applications of enriched uranium, particularly in defense and strategic deterrence, further drive demand. The dual-use nature of enriched uranium, serving both civilian and military purposes, underscores its importance and stimulates market growth.

Regionally, the Asia Pacific stands out as a rapidly growing market for enriched uranium, driven by the expansion of nuclear power infrastructure in countries like China and India. These nations are investing heavily in nuclear technology to support their robust energy needs and reduce carbon emissions. North America and Europe also remain significant contributors to the market, with the U.S. and France being key players due to their extensive nuclear power networks. The Middle East & Africa and Latin America, while smaller markets, are exploring nuclear energy as part of their long-term energy strategies, potentially increasing their demand for enriched uranium.

Product Type Analysis

In the enriched uranium market, the segmentation by product type includes low-enriched uranium (LEU) and highly enriched uranium (HEU). Low-enriched uranium, which contains a lower concentration of uranium-235 isotope, is predominantly used in nuclear power generation. This segment represents a major portion of the market as it serves the widespread demand for civilian nuclear energy. The global emphasis on transitioning to clean energy sources and reducing carbon emissions is expected to spur the demand for LEU significantly. Furthermore, advancements in reactor designs that require LEU ensure its pivotal role in the nuclear fuel cycle, thus bolstering market growth.

On the other hand, highly enriched uranium, which has a higher concentration of uranium-235, is mainly used in military applications, including nuclear weapons and naval propulsion. While its market size is smaller compared to LEU due to stringent regulations and limited applications, HEU remains strategically vital. Countries continue to prioritize their defense capabilities, which drives demand for HEU despite international non-proliferation efforts. Additionally, research reactors, which often require HEU for their oper

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Uranium Mining Market Size 2023-2027

The uranium mining market size is forecast to increase by 3490.06 t at a CAGR of 1.39% between 2022 and 2027.

The Uranium Mining Market is experiencing significant growth driven by the increasing focus on clean energy technologies and the advancements in uranium mining technologies. The nuclear power sector, a major consumer of uranium, is gaining traction as a low-carbon energy source, making uranium an essential commodity in the global energy transition. However, the market is not without challenges. Increasing competition from other energy sources, such as renewables and natural gas, and the complex regulatory environment pose significant hurdles. Mining companies must navigate these challenges to capitalize on the market's potential. To stay competitive, companies must continuously innovate and improve their mining processes to reduce costs and increase efficiency.
Strategic partnerships and collaborations with technology providers and regulatory bodies can also help companies navigate the complex regulatory landscape and mitigate risks. Overall, the Uranium Mining Market presents both opportunities and challenges for companies seeking to capitalize on the growing demand for clean energy and nuclear power. Companies that can effectively navigate the market's complexities and innovate to stay competitive are well-positioned for success.

What will be the Size of the Uranium Mining Market during the forecast period?

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The global uranium mining market is a critical component of the nuclear power industry, supplying the necessary fuel for generating clean, low-carbon electricity. The market's size and direction are influenced by various factors, including mining technology advancements, nuclear power innovation, and the nuclear fuel cycle. Uranium mining plays a significant role in the nuclear power industry's carbon emissions reduction efforts, as nuclear power is a key contributor to the global energy mix and emits minimal greenhouse gases during operation. Despite the market's importance, it faces challenges such as mining safety concerns, price volatility, and nuclear power risks.
Social impact, sustainability, and nuclear waste management are also essential considerations for uranium mining. The mining supply chain, from exploration and development to mine operating and enrichment, is a complex network that requires careful management. Uranium mining's future is influenced by nuclear energy policy, investment trends, and the renewable energy transition. Mine production and mine development are essential for meeting the demand for nuclear fuel, while mine restart and mine operating efficiency are critical for maintaining a stable supply. The nuclear power industry's ongoing evolution, driven by technological advancements and changing energy market dynamics, presents both opportunities and challenges for the uranium mining market.

How is this Uranium Mining Industry segmented?

The uranium mining industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD t' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.

Method

  ISL
  Underground and open pit


Technique

  Dynamic leaching
  Heap leaching


Deposit Type

  Sandstone Deposits
  Quartz-Pebble Conglomerate Deposits
  Vein Deposits
  Breccia Complex Deposits
  Others


Product

  Uranium Ore
  Yellowcake (U308)


End-Use

  Nuclear Power Generation
  Military and Defense
  Medical
  Research and Development
  Others


Geography

  APAC

    Australia


  Middle East and Africa
  North America

    Canada


  Europe
  South America

    Brazil

By Method Insights

The ISL segment is estimated to witness significant growth during the forecast period. Uranium mining is a significant contributor to nuclear power generation, with over 60% of global production utilizing the In Situ Leach (ISL) method. Notably, the US, Kazakhstan, and Uzbekistan are leading producers employing this cost-effective and environmentally acceptable mining technique, also known as In Situ Recovery (ISR). Contrastingly, conventional uranium mining entails extracting mineralized rock ore from the ground, which is then processed on-site. ISL, however, leaves the ore in the ground and extracts uranium by dissolving it and pumping the pregnant solution to the surface. Key drivers of uranium mining include the growing demand for nuclear power, especially in emerging economies, and the need to reduce carbon emissions.

Nuclear power is a sustainable energy source, and nuclear technologies offer fixed prices and long-term contracts, providing energy security for utilities. Additionally, the development of next-generation reactors and exploration projects further boosts production. Environmental goals and subsidies also i

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.

According to Cognitive Market Research, the global Enriched Uranium market size was USD 13214.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5285.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3964.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3039.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 660.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 264.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The UHF Technology is the dominant segment in the Enriched Uranium Market due to its superior range and reliability in communication and tracking systems

Market Dynamics of Enriched Uranium Market

Key Drivers for Enriched Uranium Market

Rising Demand for Clean and Sustainable Energy to Boost Market Growth: The growing focus on reducing greenhouse gas emissions and achieving carbon neutrality is significantly driving the demand for enriched uranium. Nuclear power, which relies on enriched uranium, is recognized as a reliable and clean energy source with minimal carbon emissions compared to fossil fuels. Many countries are shifting their energy mix towards nuclear energy to meet international climate goals and rising energy demands. This transition is further fueled by increasing investments in nuclear power plants, particularly in regions like Asia-Pacific and Europe, where energy security and sustainability are paramount concerns. For instance, In July 2021, Orano SA announced a strategic partnership with the French Alternative Energies and Atomic Energy Commission (CEA) to collaborate on the development of new technologies for the decommissioning of nuclear facilities and the management of radioactive waste

Technological Advancements in Uranium Enrichment Processes to Drive Market Growth: Technological innovations in uranium enrichment methods are enhancing efficiency, reducing production costs, and increasing the output of enriched uranium. Advancements like centrifuge technology and laser isotope separation are enabling more precise and cost-effective enrichment processes, driving the market forward. These technological improvements are not only benefiting existing nuclear power facilities but also encouraging new investments in uranium enrichment facilities. As a result, companies and governments are better equipped to meet the growing demand for enriched uranium, ensuring long-term energy supply security while maintaining operational cost-efficiency.

Key Restraints for Enriched Uranium Market

Stringent Regulations and Safety Concerns, will Limit Market Growth: The enriched uranium market faces challenges due to stringent regulations and safety concerns surrounding nuclear energy. Governments and international organizations impose rigorous safety standards and non-proliferation protocols to prevent misuse and ensure the safe handling, transportation, and storage of enriched uranium. Compliance with these regulations often leads to high operational costs and lengthy approval processes for nuclear power projects. Moreover, public concerns about nuclear accidents, radioactive waste management, and environmental risks further hinder market growth. These factors collectively slow down the adoption of nuclear energy, limiting the expansion of the enriched uranium market.

Key Trends for Enriched Uranium Market

Transition to High-Assay Low-Enriched Uranium (HALEU): Innovative reactor designs, including small modular reactors (SMRs), necessitate HALEU (enriched between 5% and 20%). This shift is increasing the demand for elevated enrichment levels, thereby generating new prospects for market participants.

Growing Collaborations and Strategic Partnerships: Businesses and governmental entities are establishing joint ventures to secure uranium supp...

Graph and download economic data for Producer Price Index by Industry: Other Metal Ore Mining: Other Metal Ores, Including Uranium (PCU2122902122901) from Dec 2003 to Jul 2023 about ore, mining, metals, PPI, industry, inflation, price index, indexes, price, and USA.

Index Time Series for Global X Uranium UCITS ETF USD Acc CHF. The frequency of the observation is daily. Moving average series are also typically included. NA

Index Time Series for Sprott Junior Uranium Miners ETF. The frequency of the observation is daily. Moving average series are also typically included. The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, and production of uranium; (ii) earning uranium royalties; and/or (iii) supplying uranium. The index generally consists of from 30 to 40 constituents. The fund is non-diversified.

United States - Producer Price Index by Industry: Other Metal Ore Mining: Other Metal Ores, Including Uranium was 2094.53800 Index Dec 2003=100 in July of 2023, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Other Metal Ore Mining: Other Metal Ores, Including Uranium reached a record high of 2762.31300 in May of 2022 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Other Metal Ore Mining: Other Metal Ores, Including Uranium - last updated from the United States Federal Reserve on October of 2025.

Nuclear Energy Index rose to 52.05 USD on October 24, 2025, up 3.54% from the previous day. Over the past month, Nuclear Energy Index's price has risen 5.09%, and is up 65.19% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Nuclear Energy Index.

The global uranium dioxide (UO2) pellets market is a significant component of the nuclear fuel cycle, experiencing steady growth driven by the increasing demand for nuclear power as a low-carbon energy source. The market size in 2025 is estimated at $2.5 billion, projecting a Compound Annual Growth Rate (CAGR) of approximately 5% from 2025 to 2033. This growth is fueled by several factors, including the ongoing operation of existing nuclear power plants and the planned construction of new reactors, particularly in countries with ambitious nuclear energy expansion programs like India and China. Governmental support for nuclear power as a clean energy alternative, coupled with advancements in reactor technology leading to improved efficiency and safety, further contributes to market expansion. However, the market faces challenges such as fluctuating uranium prices, stringent safety regulations, and concerns related to nuclear waste disposal. Market segmentation reveals that the application segment is dominated by Light Water Reactors (LWRs), while various pellet types catering to different reactor designs are available. Competition is fierce, with major players like Areva, Hitachi-GE, Mitsubishi Heavy Industries, and Westinghouse Electric Company LLC vying for market share, leading to technological innovation and price competitiveness. The geographic distribution of the UO2 pellets market shows a diverse landscape. North America and Europe currently hold substantial market share due to their established nuclear power infrastructure. However, the Asia-Pacific region, specifically China and India, is poised for significant growth in the coming years due to their expanding nuclear power programs. Companies are strategically focusing on these high-growth regions through partnerships, joint ventures, and facility expansions to capitalize on the burgeoning demand. While the industry experiences some restraints related to political and environmental concerns surrounding nuclear power, the long-term outlook for UO2 pellets remains positive, driven by the enduring need for reliable and clean baseload electricity. The forecast period (2025-2033) indicates continued expansion, with substantial market growth in developing economies offsetting any potential slowdown in mature markets.

The global uranium fuel core market is poised for significant growth, driven by the increasing demand for nuclear energy as a reliable and low-carbon power source. The resurgence of nuclear power in several countries, coupled with aging nuclear infrastructure requiring upgrades and replacements, is fueling this expansion. While regulatory hurdles and public perception remain challenges, advancements in reactor technology, including smaller modular reactors (SMRs), are mitigating these concerns and opening new market avenues. The market is segmented by application (nuclear energy, military, others) and type (enriched uranium dioxide, natural uranium dioxide), with nuclear energy dominating the application segment. Enriched uranium dioxide holds a larger share in the type segment due to its higher energy density. Geographically, North America and Europe currently hold substantial market share, but Asia-Pacific is projected to witness robust growth fueled by increasing energy demand and nuclear power plant construction in countries like China and India. Competition within the market is intense, with established players like Westinghouse Electric Company and Rosatom alongside emerging players continuously innovating and competing for market share. While fluctuating uranium prices and stringent safety regulations pose challenges, the long-term outlook for the uranium fuel core market remains positive, supported by the global push for clean energy solutions and stable government policies favoring nuclear power in many regions. The projected Compound Annual Growth Rate (CAGR) suggests a sustained expansion throughout the forecast period (2025-2033). This growth will likely be influenced by factors such as government investment in nuclear energy infrastructure, technological advancements in uranium enrichment and fuel fabrication, and the ongoing global energy transition. The market's growth trajectory will hinge on the successful deployment of new reactor technologies and a favorable regulatory environment. Furthermore, the successful management of spent nuclear fuel and the continuous advancement of safety measures are critical for sustaining the market’s growth. Continued investment in research and development, especially in areas such as accident-tolerant fuels and advanced reactor designs, will be essential for maintaining a competitive edge and driving further market expansion. The market is witnessing a gradual shift towards more efficient and safer fuel designs, leading to increased utilization of enriched uranium dioxide. However, the market’s susceptibility to global political instability and fluctuating uranium prices demands a comprehensive risk assessment and strategic planning by all market players.

The global uranium fuel pellets market is experiencing robust growth, driven by the increasing demand for nuclear energy as a reliable and low-carbon power source. The market, estimated at $10 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching approximately $15 billion by 2033. This growth is fueled by several key factors, including government initiatives promoting nuclear power globally, aging nuclear power plants requiring refurbishment and refueling, and the ongoing commitment to reducing greenhouse gas emissions. Furthermore, advancements in nuclear reactor technology, such as the development of Small Modular Reactors (SMRs), are expected to further boost market demand over the forecast period. Major players like BWX Technologies, Hitachi-GE Nuclear Energy, Mitsubishi Heavy Industries, and Westinghouse Electric Company are actively investing in research and development, and expanding their production capacities to meet the growing demand. However, market growth may face constraints from fluctuating uranium prices, stringent regulatory environments surrounding nuclear waste disposal, and public perception concerning nuclear safety. The segmentation of the uranium fuel pellet market is largely driven by reactor type (Pressurized Water Reactors, Boiling Water Reactors, etc.), enriched uranium content, and geographic location. Regional differences in nuclear power policies and infrastructure development influence market dynamics. North America and Asia, with established nuclear power industries, are expected to dominate the market. However, growing investments in nuclear energy infrastructure in Europe and other regions present promising opportunities for expansion. While competition among established players is intense, the market offers scope for new entrants with innovative technologies and efficient production methods. Continuous advancements in pellet fabrication techniques, focusing on improved fuel performance and enhanced safety, will play a significant role in shaping future market trends.

The global natural uranium enrichment market is experiencing robust growth, driven by the increasing demand for nuclear power generation to meet rising energy needs and reduce carbon emissions. While precise market size figures for 2025 are unavailable, considering a plausible CAGR of 5% (a conservative estimate given industry trends) and a hypothetical 2019 market size of $10 billion USD, the market would have reached approximately $12.76 billion USD by 2025. This growth trajectory is anticipated to continue, with projections indicating a strong expansion throughout the forecast period (2025-2033). Key drivers include government policies supporting nuclear energy, advancements in enrichment technologies leading to improved efficiency and reduced costs, and the ongoing operational lifespan extensions of existing nuclear plants. Leading players like Rosatom, Urenco, Orano, Centrus, and China National Nuclear Corporation (CNNC) are actively involved in expanding capacity and adopting innovative techniques to maintain their market positions. However, the market faces certain constraints. These include the inherent risks associated with nuclear materials, fluctuating uranium prices, and regulatory hurdles related to nuclear safety and waste management. Furthermore, competition from renewable energy sources, environmental concerns regarding nuclear waste disposal, and geopolitical factors impacting international collaboration all pose challenges. Despite these constraints, the long-term outlook remains positive, fueled by the increasing demand for reliable and low-carbon baseload power, making strategic investment in this sector attractive in the coming decade. The market segmentation (though unspecified in the provided data) is likely to follow geographical regions, enrichment technologies, and customer types (power plant operators, government agencies), creating opportunities for specialized players.