Uranium decreased 8.70 USD/LBS or 11.92% since the beginning of 2025, 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 March of 2025.

In December 2024, the global average price per pound of uranium stood at roughly 60.22 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 2023 was 48.99 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.

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

Radioactive decay is the process in which an unstable atom's nucleus will lose energy via radiation, until its structure eventually breaks down through the loss of subatomic particles (such as neutrons or electrons), causing it to transmutate into another element or isotope. Decay can come in several forms, such as alpha decay, where the nucleus emits an alpha particle of two neutrons and two protons, or beta decay, where one electron or positron is emitted. Decay will continue until the atom reaches a stable state, and the atoms may transmutate several times before stabilizing, which is known as a decay chain. For example, a uranium-238's decay chain may see it transmutate into 14 different isotopes of seven different elements until it eventually stabilizes as lead-206. Most elements have stable isotopes, which are those most commonly-found in nature, however there are 37 known elements with no stable isotopes and these are known as the "radioactive elements".

Half Life Radioactive decay is completely random, it may take milliseconds or millions of years, and there is no way of predicting when an individual atom will break down - therefore, the concept of "half-life" is used to measure the rate of decay. Half-life refers to the length of time it takes for half of the atoms of a particular isotope to decay. However, half-life is a process of exponential decay, which means that after each half life period the equation is repeated - i.e.one half-life period will leave 50 percent of the original amount, two-half life periods will leave 25 percent, three half-lives will leave 12.5 percent, and so on. Hypothetically the process is infinite until the final atom transmutates.

While the figures shown refer to the half-lives of each element's most stable isotope, less stable isotopes may have shorter half lives. For example, the half-life of uranium-235 (that most-commonly used in reactors and bombs) is 703.8 million years, roughly six times shorter than uranium-238. Similarly, plutonium-239 (also more fissile) has a half life of 24,110 years, which is over 3,300 times shorter than that of plutonium-244.