Uranium Price Per Kg — July 20, 2026

Uranium price per kg: the unit that makes the market legible

One kilogram of uranium is valued at ₹16,483.48 today, July 20, 2026. The kilogram is arguably the most honest unit for this metal — large enough to mean something commercially, small enough to grasp. Mines report output in tonnes, the trade quotes dollars per pound, and headlines lurch between the two. Per kg sits usefully in the middle.

Today's full unit ladder, from gram to tonne:

• 1 gram: ₹16.48
• 100 grams: ₹1,648.35
• 500 grams: ₹8,241.74
• 1 kg: ₹16,483.48
• 100 kg: ₹1,648,348.30
• 1 metric tonne: ₹16,483,483.00

For scale: a single 1,000 MW reactor consumes around 25 tonnes of enriched fuel a year, which traces back to roughly 200 tonnes of natural uranium feed. At today's per-kg rate, one reactor-year of feedstock is worth about ₹330 crore. Multiply across the world's 400-plus operating reactors and the size of this quiet market becomes apparent.

How a kilogram of uranium gets its price

Start in the Athabasca Basin or the Kazakh steppe, where ore is mined or leached and milled into U3O8 concentrate — yellowcake. That concentrate is what the global benchmark prices. UxC and TradeTech survey actual deals and publish the spot assessment the entire industry quotes; CME's futures contract settles financially against it. No physical exchange, no order book, no retail layer. Just a closed professional market made visible through assessments.

Spot is the headline; term is the business

Utilities cannot risk running short of fuel, so they contract years ahead. Term prices — set in those long agreements — move slower and often sit at a premium or discount to spot depending on where the cycle stands. During the 2024 rally, spot briefly ran far ahead of term; in the bear years after Fukushima, term held above a collapsing spot. Anyone quoting "the" uranium price per kg is really quoting one of two related but distinct numbers.

Cost structure explains the price floor. Kazakh in-situ recovery operations produce at some of the lowest costs in the industry, while Canadian high-grade underground mines and Australian operations carry higher all-in costs. When the per-kg price falls below the marginal producer's cost for long enough, supply leaves the market — exactly what happened between 2016 and 2020, setting up the squeeze that followed.

The Indian kilogram

India's uranium kilograms come from two streams. UCIL mines and mills domestic ore — Jaduguda since 1967, Tummalapalle more recently — for reactors outside international safeguards. Imported material from Kazakhstan, Canada, Russia, France and Uzbekistan, contracted after the 2008 NSG waiver, fuels the safeguarded fleet. Neither stream is priced publicly, but both ultimately answer to the same global supply-demand balance this page tracks.

What to do with the per-kg number

Treat it as an analytical tool. Mining company presentations quote resources in tonnes of contained U3O8; multiply by a thousand and today's per-kg rate turns a geology slide into a rupee figure you can question. A deposit holding 50,000 tonnes is, at today's reference, sitting on roughly ₹82,417 crore of in-ground value — before the unforgiving deductions of recovery rates, capex and a decade of permitting.

The per-kg lens also clarifies why fuel cost barely restrains nuclear economics. Even at the 2024 peak — above $100 per pound, roughly double today's level in dollar terms — uranium accounted for a single-digit share of the cost of nuclear electricity. Compare that with a gas plant, where fuel can be seventy percent of running cost. This is why uranium demand holds steady through price spikes that would crush demand for other commodities.

For investors, the kilogram view feeds straight into miner valuations. Production costs are reported per pound but think in kg: a producer with all-in sustaining costs equivalent to ₹9,890 per kg enjoys comfortable margin at today's price; one near ₹15,659 is praying for the next leg up. The spread between the market price and the cost curve is where uranium equity returns are made and lost.

The history table above keeps the last ten daily references; the comparison cards frame today against the week, month and year. Between them, you have what you need to follow the kilogram price without a Bloomberg terminal.