Global Market (GLOBAL) · USD
| Market | Price (USD/lb) | Status |
|---|---|---|
|
Global Market
viewing
GLOBAL · XX
|
$81.95
per lb
|
Open |
Uranium is a heavy metal used primarily as the fuel for nuclear reactors—supporting baseload electricity generation, naval propulsion and some medical isotope production—and is treated as a strategic energy commodity for utilities and governments. Its price is driven by mine production and secondary inventories, conversion and enrichment capacity, the balance between spot markets and long‑term contracts, reactor fleet operations and new builds, and geopolitical or regulatory risks that create long lead times and supply tightness.