Home / Uranium Price
Uranium Price Today
Last updated: April 30, 2026 at 10:00 AM EDT ET · Source: COMEX / LBMA
Calculate Uranium Value
1 Grams (g) of Uranium
$2.20
Spot price: $68.50/oz
Rate: 1 USD = 1 USD
Approximate value - excludes taxes, premiums
Exchange rates are indicative. Actual buy/sell prices include dealer premiums. Not financial advice.
Price by Weight
| Unit | USD Price |
|---|---|
| Troy Ounce (oz t) | $68.50 |
| Gram (g) | $2.20 |
| Kilogram (kg) | $2,202.32 |
| Tola (10g) | $22.02 |
| Pennyweight (dwt) | $3.43 |
Price by Currency (per troy oz)
| Currency | Price |
|---|---|
| 🇺🇸USD | $68.50 |
| 🇨🇦CAD | CA$93.16 |
| 🇪🇺EUR | €63.02 |
| 🇬🇧GBP | £54.12 |
| 🇦🇺AUD | A$105.49 |
| 🇨🇭CHF | Fr61.65 |
| 🇯🇵JPY | ¥10,515 |
| 🇮🇳INR | ₹5,713 |
Exchange rates are approximate. Source: COMEX / LBMA
About Uranium
Uranium is experiencing a renaissance. After a decade-long bear market triggered by the 2011 Fukushima disaster, uranium prices have surged as governments worldwide reverse nuclear phase-out policies in pursuit of net-zero emissions targets. Nuclear power is uniquely positioned as a reliable, low-carbon baseload energy source that can complement intermittent wind and solar, driving a new wave of reactor construction and life extensions.
Uranium is priced in USD per pound of U₃O₈ (triuranium octoxide, or "yellowcake") — the standard commercially traded form of uranium ore concentrate. The spot market is relatively illiquid compared to metals like gold or copper; most uranium is sold through long-term contracts between miners and utilities, making spot prices more volatile and susceptible to fund-driven buying.
Kazakhstan dominates global uranium supply, accounting for ~45% of world production through state-owned Kazatomprom. Canada (Cameco) and Australia (Olympic Dam) are the other major producers. The launch of the Sprott Physical Uranium Trust in 2021 — which physically purchases and stores uranium — was a game-changer, demonstrating that financial investors could directly drive spot price appreciation by removing supply from the market.
The nuclear renaissance narrative is supported by concrete policy shifts: France reversed its nuclear phase-out, the UK is building new reactors, the US extended nuclear plant licenses, South Korea restarted its nuclear program, and China plans to build 150 new reactors by 2035. Small Modular Reactors (SMRs), being developed by companies like NuScale and Rolls-Royce, promise to democratize nuclear power and further expand uranium demand.
Frequently Asked Questions
Why is uranium priced per pound?
Uranium is conventionally priced in USD per pound of U₃O₈ (uranium oxide), reflecting historical US market conventions. Unlike metals traded per troy ounce or metric ton, uranium's per-pound pricing reflects the quantities relevant to nuclear fuel procurement. A typical 1 GW nuclear reactor consumes approximately 200,000 pounds of U₃O₈ per year, making per-pound pricing practically meaningful for utility buyers.
What is the Sprott Physical Uranium Trust?
The Sprott Physical Uranium Trust (SPUT, TSX: U.UN) is a closed-end fund that physically acquires and stores uranium oxide (U₃O₈). Launched in July 2021, SPUT became a major price catalyst by demonstrating that investment demand could absorb significant spot market supply. SPUT holds over 60 million pounds of U₃O₈, making it one of the world's largest holders outside of government stockpiles and utilities.
What caused the post-Fukushima uranium bear market?
The March 2011 Fukushima Daiichi disaster triggered immediate shutdowns of Japanese reactors (which consumed ~10% of global uranium supply) and accelerated nuclear phase-outs in Germany and other countries. Uranium prices fell from $70+/lb to below $20/lb over a decade. The extended bear market forced mine closures and supply curtailments that set the stage for the subsequent supply deficit.
How does uranium supply concentration create risk?
Kazakhstan (Kazatomprom) controls ~45% of global supply, and the country's transport infrastructure runs through Russia. During the 2022 Russian invasion of Ukraine, uranium supply chain concerns surged. Additionally, Niger — a significant uranium supplier to France — experienced a military coup in 2023, further highlighting geopolitical concentration risk. Western utilities are actively seeking supply diversification.
How can investors gain uranium exposure?
Uranium investors can access the market through Sprott Physical Uranium Trust (TSX: U.UN), uranium mining stocks (Cameco, Kazatomprom, NexGen Energy, Paladin Energy), uranium-focused ETFs (Global X Uranium ETF: URA, Sprott Uranium Miners ETF: URNM), or through broader nuclear energy ETFs. Direct physical uranium investment is impractical for individual investors due to nuclear regulatory requirements.