Prices
Updated: June 9, 2026| Exchange / Source | Price | Unit | Date |
|---|---|---|---|
| Spot | $85.70 | USD/lb | June 9, 2026 |
About Uranium
Editorial overviewWhat is uranium?
Uranium is a radioactive heavy metal and the primary fuel used in nuclear reactors. In commerce it is typically sold as uranium oxide concentrate, often called yellowcake, before further processing into reactor fuel. World Nuclear Association
How uranium is priced
Uranium trades on multiple officially regulated exchanges. Each publishes its own daily settlement, fixing or auction reference price for its specific contract — there is no single “world price”. The complete list of active regulated venues for uranium:
- NYMEX — Uranium U3O8 (UxC Weekly Indicator) futures (UX), USD/lb U3O8, cash-settled (UxC Weekly U3O8 Indicator) [ref: UxC Weekly U3O8 Indicator]
Principle: One True Source for All. Every officially regulated exchange with an active contract is listed, regardless of geography or sanctions. Cash-settled contracts list both the listing exchange (where the contract clears) and the underlying benchmark index used for final settlement. Fastmarkets, S&P Global Platts and Argus are regulated benchmark administrators under UK/EU BMR, not exchanges. Source: TSM exchanges registry (maintained from public regulatory and exchange filings).
Where uranium comes from
According to USGS MCS 2026, uranium mine production is led by Kazakhstan, Canada, and Namibia, with Australia and Uzbekistan also among the top producers. World Nuclear Association likewise notes that about three-quarters of uranium is produced in three countries: Kazakhstan, Canada, and Australia. USGS MCS 2026, World Nuclear Association Full breakdown in the production and reserves sections.
Who produces uranium
Leading producers include Kazatomprom in Kazakhstan, Cameco in Canada, Orano in France/Niger, Paladin Energy in Namibia, and Boss Energy in Australia. These are the most visible large-scale uranium miners or state-backed producers in the market. Kazatomprom, Cameco, Orano, Paladin Energy, Boss Energy Full list of producers below.
What uranium is used for
Uranium’s main end use is fuel for nuclear power generation; World Nuclear Association says roughly 27 tonnes of uranium is needed each year for a 1,000 MWe pressurized water reactor, and it describes enrichment and fuel fabrication as the main downstream steps before use in reactors. World Nuclear Association
Key facts about uranium supply
- World Nuclear Association: close to 60% of the world’s uranium is mined by in-situ leaching, which avoids major ground disturbance. World Nuclear Association
- World Nuclear Association: about three-quarters of uranium production comes from Kazakhstan, Canada, and Australia. World Nuclear Association
- World Nuclear Association: 27 tonnes of uranium are required each year for one 1,000 MWe pressurized water reactor. World Nuclear Association
- World Nuclear Association: Japan had 2,135 tU of uranium requirements in 2025 and no indigenous uranium production. World Nuclear Association
Sources: World Nuclear Association — How is uranium made into nuclear fuel?, World Nuclear Association — Japan's Nuclear Fuel Cycle, USGS Mineral Commodity Summaries 2026 — Uranium
Mine Production by Country
Source: USGS MCS 2026| Country | 2024 | Reserves |
|---|---|---|
| Kazakhstan | 23,270 | 813,900 |
| Canada | 14,309 | 582,000 |
| Namibia | 7,333 | 497,900 |
| Australia | 4,598 | 1,671,200 |
| Uzbekistan | 4,000 | NA |
| Russia | 2,738 | 476,600 |
| China | 1,600 | 270,500 |
| Niger | 962 | 336,000 |
| India | 500 | NA |
| Ukraine | 288 | 106,700 |
| USA | 260 | 67,800 |
| South Africa | 200 | 320,900 |
| Others | 155 | 324,900 |
| World total | 60,213 | 5,925,700 |
Unit: tonnes U (uranium metal). "e" = estimated, "W" = withheld, "NA" = not available. Source: USGS Mineral Commodity Summaries 2026
Reserves by Country (Top 10)
Source: USGS MCS 2026| Country | Reserves (tonnes U (Reasonably Assured Resources + Inferred Resources to $130/kg U, 2023 data from OECD NEA/IAEA Red Book as cited by WNA)) |
|---|---|
| Australia | 1,671,200 |
| Kazakhstan | 813,900 |
| Canada | 582,000 |
| Namibia | 497,900 |
| Russia | 476,600 |
| Niger | 336,000 |
| Others | 324,900 |
| South Africa | 320,900 |
| China | 270,500 |
| Ukraine | 106,700 |
| World Total | 5,925,700 |
Major Producers (13)
Ranked by latest disclosed U productionCompanies ranked by most recently disclosed annual uranium production (tU). Each card links to the primary source (annual report, production report, or exchange filing). "Not disclosed" means the company does not publish metal-specific tonnage — common for private Chinese/state-owned groups and pre-production projects.
Kazakhstan
KAP
23,270
tU
FY2024
Uzbekistan
State-Owned
7,000
tU
FY2025
Australia
BHP
3,603
tU
FY2024
Russia
State-Owned
2,738
tU
CY2024
Namibia
Subsidiary → HKEX:0828
2,472
tU
CY2024
Russia
Private
617
tU
FY2024
China
1164
Undisclosed Output
Not disclosed
FY2024
Swakop Uranium Husab Mine (Namibia); Kazakhstan mines reported 2,757 tU total FY2024, Husab not mentioned
United States
Subsidiary → NYSE:ATX
Undisclosed Output
Not disclosed
Beverley / Four Mile ISR mines in South Australia; operated by Heathgate affiliate of General Atomics.
France
AREB
Undisclosed Output
Not disclosed
FY2024
No consolidated group total reported; key assets Katco (Kazakhstan), Somaïr (Niger, lost control 2024), Cigar Lake/McArthur River/Key Lake/McClean Lake (Canada JVs); details in [summary](/home/user/workspace/orano_production_summary.md)
Latest News
All metals news →Frequently Asked Questions
Auto-generated from primary-source dataWhat is the current price of uranium?
As of June 9, 2026, Uranium traded at $85.70 USD/lb on Spot. Prices update multiple times per business day on TSM Hub from exchange and benchmark feeds.
Which countries produce the most uranium?
The largest uranium producing countries are Kazakhstan (23,270 tonnes U (uranium metal)), Canada (14,309 tonnes U (uranium metal)), Namibia (7,333 tonnes U (uranium metal)). Source: USGS Mineral Commodity Summaries 2026.
Which countries hold the largest uranium reserves?
The countries with the largest reported uranium reserves are Australia (1,671,200 tonnes U (Reasonably Assured Resources + Inferred Resources to $130/kg U, 2023 data from OECD NEA/IAEA Red Book as cited by WNA)), Kazakhstan (813,900 tonnes U (Reasonably Assured Resources + Inferred Resources to $130/kg U, 2023 data from OECD NEA/IAEA Red Book as cited by WNA)), Canada (582,000 tonnes U (Reasonably Assured Resources + Inferred Resources to $130/kg U, 2023 data from OECD NEA/IAEA Red Book as cited by WNA)). Source: USGS Mineral Commodity Summaries 2026.
Who are the largest global producers of uranium?
Among 780+ producers tracked on TSM Hub, the largest disclosed uranium producers include Kazatomprom (National Atomic Company of Kazakhstan JSC) (Kazakhstan), Cameco Corporation (Canada), Navoiyuran (Navoi Mining & Metallurgical Company — Uranium Division) (Uzbekistan). Some operating uranium producers do not publish metal-specific tonnage — such as CGN (China General Nuclear Power Group) — Swakop Uranium (Husab Mine) (China), General Atomics / Quasar Resources (formerly AREVA Resources Australia — Beverley/Four Mile) (United States), Orano SA (formerly AREVA Mines) (France) — and are listed with an “Undisclosed Output” badge instead of a rank, in line with our principle of never inventing numbers absent from primary sources. Full ranking with primary-source links is available in the producers section.
Where can I find official uranium price data?
Official uranium prices are published by Spot. TSM Hub aggregates these feeds under licensed market-data redistributor agreements and updates them twice daily.
What is the primary source for uranium production and reserves data?
Country-level uranium production and reserves figures on TSM Hub are sourced directly from the USGS Mineral Commodity Summaries 2026, the U.S. Geological Survey's authoritative annual reference. Company-level production figures come from each producer's official annual report, production report, or regulated exchange filing.