Uranium price monthly 2024

In September 2024, the global average price per pound of uranium stood at roughly 64.63 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.

What is uranium produced for?

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 widely needed 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. In other words, all reasonably assured and inferred resources of uranium in the world at a price of 130 U.S. dollars per kilogram rose during that period. Even though this may appear as sufficient to fulfill the increasing need for uranium; in fact, it is forecast that by 2035 the uranium demand will largely outpace the supply of this important metal.

Monthly price of uranium worldwide from January 2020 to September 2024 (in U.S. dollars per pound)

Characteristic	Price in U.S. dollars per pound
Sep 24	64.63
Aug 24	65.29
Jul 24	68.25
Jun 24	69.19
May 24	73.95
Apr 24	71.64
Mar 24	71.81
Feb 24	81.32
Jan 24	80.36
Dec 23	70.06
Nov 23	62.29
Oct 23	57.6
Sep 23	53.2
Aug 23	46.38
Jul 23	45.25
Jun 23	45.7
May 23	43.46
Apr 23	41.76
Mar 23	40.74
Feb 23	41.31
Jan 23	40.06
Dec 22	39.18
Nov 22	40.95
Oct 22	41.3
Sep 22	40.95
Aug 22	39.8
Jul 22	38.94
Jun 22	40.33
May 22	40.89
Apr 22	48.7
Mar 22	45.51
Feb 22	35.83
Jan 22	36.87
Dec 21	36.13
Nov 21	31.1
Oct 21	38.48
Sep 21	45.08
Aug 21	32.15
Jul 21	32.34
Jun 21	32.14
May 21	30.26
Apr 21	29.75
Mar 21	28.33
Feb 21	28.66
Jan 21	29.86
Dec 20	29.77
Nov 20	29.49
Oct 20	29.64
Sep 20	29.98
Aug 20	31.38
Jul 20	32.36
Jun 20	33.09
May 20	33.51
Apr 20	29.96
Mar 20	24.66
Feb 20	24.69
Jan 20	24.64

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Release date

October 2024

More information

Region

United States

Survey time period

January 2020 to September 2024

Supplementary notes

* Not seasonally adjusted.
Values represent the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars.

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