Uranium rose to 71.75 USD/Lbs on July 11, 2025, up 0.35% from the previous day. Over the past month, Uranium's price has risen 2.87%, but it is still 16.72% lower than a year ago, 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 July 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 Apr 2025 about uranium, World, and price.

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

In the first quarter (Q1) of 2025, the price of uranium amounted to more than ** U.S. dollars per pound globally. By comparison, the global price of uranium during Q4 2022 stood at approximately **** U.S. dollars per pound.

If I were to boil the thesis down to a few bullets, I’d say: Uranium is an essential input for nuclear reactors with no substitute. Following the Fukushima disaster, there was a massive supply glut as reactors were taken offline due to safety concerns Now a supply crunch is looming, with a current market deficit of ~40m lbs Nuclear power plants usually contract uranium supplies several years out before their inventory gets run down. Due to the oversupply coming out of the previous cycle, however, they have been purchasing additional supply needs in the spot market instead of contracting years in advance. 13f filings indicate that the power plants’ coverage rates (contracted lbs of uranium supply / lbs of uranium required) are beginning to trend below 100%, indicating utilities have less locked-in supply than they need to keep running their reactors, at a time when market supply is tightening (note utilities typically look to maintain coverage ratios well above 100% to ensure no unforeseen shortfalls) Global demand for uranium is increasing, with ~56 new reactors under construction an a further 99 in planning currently. Nuclear power currently generates ~10% of the world’s electricity but with the closure of coal and fossil fuel power plants due to ESG considerations, nuclear energy is increasingly being seen as the only viable way to make up up the lost energy capacity. Putting all of this together, a fundamental supply/demand imbalance for an essential commodity with price insensitive buyers and ESG tailwinds makes the bull case extremely compelling. But a picture is worth a thousand words, so some historic charts probably best provide a sense of the future upside expected in the next cycle. Using the data of form 8k, at the peak of the previous uranium bull market in 2007 (when there was no supply deficit) the uranium spot price reached ~$136/lb after a run up from ~$15/share at the start of 2004 (~9x increase). Today the current price is ~$42/lb with the view that the price will reach new highs in this coming cycle: Many uranium investors, based on the majority of form 10q, focus on the miners rather than the commodity as being the way to play the new uranium bull market, as these are more levered to price increases in the underlying commodity. The share price for Canadian-based Cameco Corporation (CCO / CCJ, the second largest uranium producer in the world) increased from USD $3/share to $55/share ( ~18x bagger) during the previous bull market from ~2004 – 2007: While Cameco’s performance was impressive, it was not the biggest winner during the previous uranium bull market. Australian miner Paladin Energy ($PALAF) went from AUD $0.01 to AUD $10.70 (~1000x! ) between late 2003 and the market peak in Q1 2007, according to their stock price in Google Sheets: Similar multibagger returns for uranium stocks will be seen again if a new bull market in uranium materializes in the coming 2-3 years when utilities’ uranium supply falls to inoperable levels & they begin contracting again for new supplies. Based on SEC form 4, Paladin in particular is expected to be big winner in any new bull market, as it operates one of the lowest cost uranium mines in the world, the Langer Heinrich mine in Namibia, which was a fully producing mine before being idled in the last bear market. As such, it is a ready-to-go miner rather than a speculative prospect, and so is in a position to immediately capitalise on an uptick in uranium prices and a new contracting cycle with utilities. Given the extent of the structural supply/demand imbalance (which again wasn’t present during the previous bull market) combined with utilities likely becoming forced purchasers of uranium at almost any price, market commentators are forecasting the uranium spot price to reach highs of up to $150/lb, thus enabling the producers to contract at price levels 3x+ the current spot price, driving a massive increase in profitability and cash flows. With some very interesting dynamics and the sprott uranium trust acting as a catalyst, I think the uranium market has the potential to offer a really unique and asymmetric return over the next 2 years. To reproduce this analysis, use this guide on how to get stock price in Excel. You will also need high-quality stock data, I recommend you check out Finnhub Stock Api Cheers!

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.

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.

The Grand Canyon region contains over 1300 known or suspected breccia pipes, which are vertical, pipe-shaped bodies of highly fractured rock that collapsed into voids created by dissolution of underlying rock. Some breccia pipes were mineralized with uranium oxide as well as sulfides of copper, zinc, silver, and other metals. Renewed exploration during and following a steep rise in uranium prices during 2004-2007 led some to concerns about contamination of the Colorado River related to uranium mining and ore transport. Total breccia-pipe uranium production as of Dec. 31, 2010 has been more than 10,700 metric tons (23.5 million pounds) from nine underground mines, eight of which are north of Grand Canyon near Kanab Creek. Colorado River water in the Grand Canyon region currently contains about 4 g/l (micrograms per liter) of uranium (equivalent to 4 ppb [parts per billion by mass]), with approximately 15 cubic kilometers annual discharge. Thus, approximately 60 metric tons of dissolved uranium are naturally carried by the Colorado River through the Grand Canyon in an average year. We consider a hypothetical, worst-case accident in which a truck hauling thirty metric tons (66,000 pounds) of one-percent uranium ore is overturned by a flash flood in Kanab Creek and its entire ore load is washed into the Colorado River where it is pulverized and dissolved during a one-year period to become part of the dissolved uranium content of the river (such a scenario is extremely unlikely if not impossible). This addition of 300 kilograms (660 pounds) of uranium over one year would increase uranium in river water from 4.00 ppb to 4.02 ppb. Given that the EPA maximum contaminant level for uranium in drinking water is 30 ppb, this increase would be trivial. Furthermore, it would be undetectable against much larger natural variation in river-water uranium content.

The ESR dating method was applied to marine shells taken from a sediment core from Dagebüll, Schleswig-Holstein. Four samples from two different depths of the core (17.5 m and 25-26 m), separated by a 2.76 meter thick clay layer (Turritella Clay), yielded identical ages within the limits of error. They indicated an assignment to the oxygen isotope stage 5, thus confirming the stratigraphic age. In addition, the ESR-ages confirm the interpretation of Lomitschka et al. (1997, doi:10.2312/meyniana.1997.49.85), that the Th/U-ages of shells below the clay layer are reliable, whereas shells located above the clay layer, which were strongly influenced by percolating groundwaters of an open system, yielded falsified Th/U-ages.

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.