What Uses Uranium?
· ₹17,135.36/kg today
A metal with no futures exchange, almost no public spot market, and a price that utilities negotiate quietly, years in advance — nothing else tracked on this site is bought quite this way.
What Uses Uranium?
Detailed application mapping is currently being developed for Uranium. In the meantime, see the metal profile for who buys it and which industries depend on it.
Utilities Buy It Quietly, Years in Advance
Nuclear utilities have historically bought uranium through confidential, long-term bilateral contracts negotiated directly with miners rather than an open spot market — the volume that trades visibly enough to build a public exchange around has always stayed relatively small, which is why this metal is priced via benchmark assessments (UxC, TradeTech) instead.
Canada's Athabasca Basin
Canada's Athabasca Basin in Saskatchewan hosts some of the highest-grade uranium deposits on Earth, run largely by Cameco — a genuinely major global producer among this site's 22 tracked countries, even as Kazakhstan (not tracked here) supplies a larger overall share of world output.
The Price Here Isn't the Reactor's Fuel Cost
The uranium price tracked on this page is for natural, unenriched U3O8 ("yellowcake") — not the finished reactor fuel. Turning it into usable fuel means converting it to uranium hexafluoride gas and then enriching it, raising the fraction of fissile U-235 from natural uranium's roughly 0.7% up to the 3–5% a reactor needs, at specialist enrichment plants that charge separately for that service in their own unit, the separative work unit (SWU). The uranium price shown here is only one part — not the whole — of what a utility actually spends to fuel a reactor.
Did You Know?
A single mid-sized uranium trade — a few hundred thousand pounds of U3O8 — can be large enough relative to the thin spot market to visibly move the weekly published price, something that would barely register as a rounding error in COMEX gold.
Frequently Asked Questions
Detailed use-case data for Uranium is not yet available on this page.
The Uranium price in India today is ₹17,135.36 per kilogram as of August 28, 2026. See the live price and chart.
Metal Applications™ is an informational reference built from public data and named sources. See the methodology page for how figures are sourced and confidence-rated.
