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.

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.

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.