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.

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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

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.

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...

According to Cognitive Market Research, the global uranium mining market size was USD 8548.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% 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 3419.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2564.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1966.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 427.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% 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 170.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The underground mining category is the fastest growing segment of the uranium mining industry

Market Dynamics of Uranium Mining Market

Key Drivers for Uranium Mining Market

Growing Demand for Nuclear Energy to Boost Market Growth

Nuclear power reactors can emit radiation, but it is less than that produced by coal-fired power plants. A ton of uranium is about equivalent to 1,000 tons of coal, 42,000 gallons of oil, or 17 million cubic feet of natural gas for one kilowatt of electricity generation. As a result, just a tiny amount of uranium is required for mining, which has a lower environmental impact than mining fossil fuels. During the predicted period, the need for clean energy technologies will expand, resulting in more nuclear reactor construction. This, in turn, is likely to drive the market throughout the forecast period. The growing focus on clean energy technology is significantly driving market growth. To minimize carbon emissions, there is an increasing need for clean energy solutions such as nuclear power around the world. Nuclear power stations do not emit CO2, methane, or other hazardous gases. For instance, According to the IEA, energy-related CO2 emissions grew globally by 6% in 2021 compared to 2020 due to rising global energy demand and widespread usage of fossil fuels.

Technological Advancements to Drive Market Growth

Technological advancements are impacting market expansion. The digitization of mining operations has become a major trend in the global industry. Stringent safety standards for uranium mining activities have influenced operating and capital expenses. Employee safety, as well as machine and process productivity, have become increasingly important in the mining business. Automation facilitates the collection of real-time data for process monitoring and decision-making. For example, Cameco Corp. uses robots, artificial intelligence, and enhanced process control to make its operations safer and more efficient. On-site underground mining operations use automation solutions such as remotely operated systems to operate equipment and machinery and eliminate safety risks.

Restraint Factor for the Uranium Mining Market

The Competition for Nuclear Energy Will Limit Market Growth

Nuclear power may face competition from alternative energy sources, limiting market expansion. Renewable energy sources include geothermal, solar, wind, hydropower, and biomass. According to the International Energy Agency, renewables and natural gas accounted for 28% and 24% of total energy generation in 2020, respectively. Renewables' popularity has grown dramatically all over the world. The use of sustainable energy sources for power is increasing. As a result, the need for renewable energy sources has grown rapidly. According to the IEA, nuclear power's contribution to total electricity output fell by around 3 GW globally in 2021 compared to 2020. These factors are projected to impede the global market throughout the forecast period.

Impact of Covid-19 on the Uranium Mining Market

The pandemic caused a slowdown in economic activity, lowering demand for electricity and, thus, nuclear power. This decrease in demand for nuclear energy resulted in lower demand for uranium. The epidemic disrupted supply lines, making it impossible for ...

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Uranium Energy Corp. (UEC) Outlook Positive Amidst Energy Transition

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Nuclear Energy Index fell to 44.45 USD on December 1, 2025, down 2.65% from the previous day. Over the past month, Nuclear Energy Index's price has fallen 14.94%, but it is still 37.74% higher than a year ago, 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 Middle East and Africa Uranium Mining market was USD 170.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. The market is foreseen to reach USD 244.3 million by 2031, owing to increasing global demand for nuclear energy.

Asia Pacific Uranium Mining market was USD 1966.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Rapid economic growth and urbanization are expected to aid the sales to USD 2978.0 million by 2031

Europe's Uranium Mining market was USD 2564.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031. Political, economic, and technological factors are expected to aid the sales to USD 3303.7 million by 2031

Latin America's Uranium Mining market was USD 427.41 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031. The market is foreseen to reach USD 616.5 million by 2031 due to investment in the uranium mining industry.

According to Cognitive Market Research, the global Uranium Hexafluoride market size was USD 2714.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% 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 1085.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 814.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 624.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 135.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% 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 54.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Direct Sales is the dominant distribution channel in the Uranium Hexafluoride market due to the specialized nature of the product and the need for direct transactions between uranium producers and end-users

Market Dynamics of Uranium Hexafluoride Market

Key Drivers for Uranium Hexafluoride Market

Increasing Demand for Nuclear Energy to Boost Market Growth

The global shift toward cleaner energy sources and the growing need for reliable, low-carbon energy solutions have led to an increased demand for nuclear power. Uranium Hexafluoride (UF6) is a crucial component in the uranium enrichment process, which is essential for nuclear reactors. As countries invest more in nuclear power to meet their energy needs while reducing carbon emissions, the demand for Uranium Hexafluoride rises significantly. This trend is particularly strong in emerging markets, where energy demands are growing rapidly and nuclear energy is seen as a viable long-term solution. For instance, In July 2022, Navin Fluorine commenced production of Honeywell's Solstice ZD, a hydrofluoroolefin, in Delhi, India. This material serves as a versatile refrigeration liquid for chillers, foam insulation blowing agents, and solvents. The company's objective was to enhance energy efficiency and reduce carbon footprint by offering an environment-friendly solution. Navin Fluorine International Ltd (NFIL) is a reliable global leader offering organo-fluorine chemistry expertise for nearly 50 years with operations in UK &India

(Source:https://www.honeywell.com/in/en/press/2022/07/chief-minister-of-gujarat-shri-bhupendra-bhai-patel-inaugurates-hydrofluoroolefin-manufacturing-plant-commissioned-jointly-by-honeywell-and-navin-fluorine0/)

Technological Advancements in Nuclear Fuel Cycle to Drive Market Growth

Advancements in nuclear technology, particularly in the nuclear fuel cycle, are a key driver for the Uranium Hexafluoride market. Innovations such as more efficient uranium enrichment processes and the development of small modular reactors (SMRs) are increasing the need for enriched uranium. Uranium Hexafluoride plays a vital role in uranium enrichment, and as these technologies evolve, the demand for UF6 increases. Furthermore, improvements in fuel reprocessing technologies could enhance uranium utilization, driving further demand for Uranium Hexafluoride as part of these advanced nuclear systems.

Restraint Factor for the Uranium Hexafluoride Market

Environmental and Regulatory Challenges, will Limit Market Growth

The Uranium Hexafluoride market faces significant challenges due to stringent environmental regulations and concerns surrounding the mining, production, and transportation of uranium. The extraction and processing of uranium have environmental impacts, and stringent regulations in various countries aim to mitigate these effects. This includes strict controls on the handling of Uranium Hexafluoride, given its radioactive nature and potential for harm. Additionally, the global regulatory environment surrounding nuclear energy and waste management is complex, which can limit the expansion of uranium enrichment operations and increase costs for producers.

Impact of Covid-19 on the Uranium Hexafluoride Market

Covid-19 pandemic had a notable impact on the Uranium...

As per Cognitive Market Research's latest published report, the Global Molybdenum 99 market size will be $9,036.05 Million by 2028. The Global Molybdenum 99 Market Industry's Compound Annual Growth Rate will be 4.14% from 2023 to 2030.

The North America Molybdenum 99 market size will be USD 3,218.19 Million by 2028.

Key Dynamics of

Molybdenum 99 Market

Key Drivers of

Molybdenum 99 Market

Increasing Demand for Diagnostic Nuclear Medicine: Molybdenum-99 (Mo-99) serves as the parent isotope for Technetium-99m, which is utilized in more than 80% of nuclear medicine diagnostic procedures, encompassing cardiac, bone, and cancer imaging. The worldwide rise in chronic illnesses and the aging demographic is propelling the demand for Mo-99 to facilitate early, non-invasive medical diagnoses.

Government Initiatives to Enhance Domestic Supply: Numerous nations, particularly the United States and Canada, are investing in initiatives aimed at decreasing dependence on foreign sources of Mo-99 and bolstering domestic production. Collaborations between public and private sectors, along with reactor modernization efforts, are improving the security of isotope supply and fostering local manufacturing capabilities.

Progress in Non-HEU Production Techniques: The transition towards the production of Mo-99 utilizing low-enriched uranium (LEU) or alternative technologies, such as accelerators, aligns with regulatory requirements and global non-proliferation objectives. These cleaner and safer production techniques are fostering long-term investments and innovation within the Mo-99 supply chain.

Key Restraints for

Molybdenum 99 Market

Short Half-Life and Complicated Logistics: Mo-99 possesses a brief half-life of approximately 66 hours, necessitating swift production, transportation, and utilization. The time-sensitive nature of its supply chain presents significant distribution challenges, especially across international borders, and restricts storage options at medical facilities.

Limited Global Production Facilities: Currently, only a limited number of nuclear reactors around the globe are capable of producing Mo-99, resulting in supply vulnerabilities. Any outages or maintenance at a major facility can lead to worldwide shortages, impacting diagnostic procedures and hospital operations.

High Costs of Infrastructure and Regulatory Compliance: Establishing or upgrading Mo-99 production facilities demands substantial capital investment and rigorous adherence to nuclear safety regulations. This situation restricts entry for new market participants and may hinder the expansion of regional production capacity in underserved areas.

Key Trends in

Molybdenum 99 Market

Shift Towards Accelerator-Based and Non-Reactor Technologies: Innovators are creating methods for the production of Mo-99 and Tc-99m that utilize cyclotron and linear accelerator technologies, thereby decreasing dependence on outdated nuclear reactors. These advancements provide improved safety, reduced waste, and the potential for decentralization—transforming the future of medical isotope supply.

Expansion in Emerging Markets for Nuclear Medicine: Nations in the Asia-Pacific region, Latin America, and the Middle East are enhancing their nuclear medicine infrastructure, which is fueling the demand for Mo-99. Investments in hospital imaging facilities and isotope distribution systems are facilitating greater healthcare access and improved diagnostic capabilities.

Private Sector Involvement and Commercialization: Startups and private enterprises are progressively entering the Mo-99 market, bolstered by government funding and venture capital. These organizations are concentrating on sustainable production techniques, ensuring domestic supply resilience, and commercializing next-generation isotope technologies to address the increasing diagnostic requirements. Introduction of Molybdenum 99

Molybdenum (chemical symbol Mo) is a trace element that is necessary for life. In 1778, Carl Wilhelm Scheele, a Swedish chemist, discovered it. Molybdenum-99 (Mo-99) decays to technetium-99m (Tc-99m), a radioisotope used in hospitals and medical facilities.

The molybdenum 99 manufacturing technique is frequently employed in the production of uranium, whether highly enriched or non-highly enriched. The uranium-bearing targets are irradiated wi...