Uranium Supply and Price — July 20, 2026
As of July 20, 2026, Uranium is trading at Sixteen Rupees per gram across India. The 10-gram rate stands at One Hundred and Sixty Five Rupees, and 100 grams costs One Thousand Six Hundred and Forty Eight Rupees.
Supply's Price Signature — 10 Days
Supply: the hand that writes uranium's price
With demand vertical (the companion page's story), uranium's price is supply's handwriting — and today's line reads ₹16.48 per gram, July 20, 2026. Every era of the chart traces to supply events: floods and discipline, gluts and warhead-downblending, Kazatomprom's guidance and Sprott's absorption. Learn supply and the price history reads itself.
The supply ledger, today-priced:
- Primary mining (~50,000 t/yr): ≈ ₹0.8 lakh crore of annual flow
- The demand gap (~15,000 t): bridged by thinning secondary sources
- Idled capacity: the 1–2 year response option
- New-mine pipeline: the decade-lagged answer, pricing itself now
Four lines, every uranium cycle explained in skeleton.
Supply's Unit Economics
Today's Uranium rate is Sixteen Rupees per gram. At this rate, 10 grams of Uranium costs One Hundred and Sixty Five Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹16.48 | Sixteen Rupees |
| 8 Grams | 8.0000 g | ₹131.87 | One Hundred and Thirty Two Rupees |
| 10 Grams | 10.0000 g | ₹164.83 | One Hundred and Sixty Five Rupees |
| 100 Grams | 100.0000 g | ₹1,648.35 | One Thousand Six Hundred and Forty Eight Rupees |
| 1 Kilogram | 1,000.0000 g | ₹16,483.48 | Sixteen Thousand Four Hundred and Eighty Three Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹467.30 | Four Hundred and Sixty Seven Rupees |
| 1 Troy Ounce | 31.1035 g | ₹512.69 | Five Hundred and Thirteen Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹16,483,483.00 | One Crore Sixty Four Lakh Eighty Three Thousand Four Hundred and Eighty Three Rupees |
The supply stack, layer by layer
Primary supply concentrates brutally: Kazakhstan's ISL fields alone approach world demand's third; add Canada and Australia and three nations dominate the mine ledger. Concentration converts national decisions into global price events — a Kazatomprom guidance line moves this page's number within the week, a power OPEC's oil ministers would recognise. The secondary stack — civilian inventories, downblended warheads (the megatons era ended 2013), enrichment underfeeding — spent two decades bridging the demand gap and visibly thins, the structural fact beneath the modern bull case.
Discipline: supply learning from its own history
The bear decade taught producers their gluts' arithmetic, and the lesson institutionalised as discipline: output matched to contract books, expansion held against confirmed demand, spot strength left unchased. Discipline's price effect is structural — the panic-production that deepened every historical trough now has an owner's manual against it. Watching discipline hold (or crack) in quarterly guidance is the supply-watcher's first duty; every regime change will announce itself there.
The financial layer joined supply's stack in 2021: Sprott's vaulted pounds are negative supply — mined, then removed — and the mechanism's one-way design makes bullish episodes partially irreversible. Supply analysis now counts what funds hold alongside what mines pour, the era's signature accounting change.
India on the supply map
India's supply position is the importing world's in miniature: domestic capacity (UCIL's lean-grade operations) deliberately maintained below need, the gap bridged through diversified agreements, and a technological long game — Kalpakkam's breeders — aimed at multiplying every mined kilogram's yield. Supply security through redundancy now, transcendence later: the national strategy this page's daily number quietly prices.
Supply-and-Price — Daily Series
The most recent Uranium price on record (2026-07-20) is Sixteen Rupees per gram. This is up by Zero Rupees from the previous day's rate of ₹16.46.
| Date | Price (₹/g) | Change |
|---|---|---|
| 2026-07-20 | ₹16.48 | +0.02 |
| 2026-07-19 | ₹16.46 | -0.01 |
| 2026-07-18 | ₹16.47 | +0.01 |
| 2026-07-17 | ₹16.46 | -0.03 |
| 2026-07-16 | ₹16.49 | +0.03 |
| 2026-07-15 | ₹16.46 | -0.10 |
| 2026-07-14 | ₹16.56 | +0.05 |
| 2026-07-13 | ₹16.51 | +0.07 |
| 2026-07-12 | ₹16.44 | 0.00 |
| 2026-07-11 | ₹16.44 | — |
Reading supply like the market does
The supply-watcher's calendar: quarterly guidance from Kazatomprom and Cameco (the discipline check), annual WNA supply census (the stack's depth), restart and project announcements (the response options exercising), and Sprott's raises (the negative-supply flows). Against the vertical demand backdrop, these readings explain nearly every move the daily reference above will ever make.
For investors, supply literacy is the sector's working edge: the cost curve ranks producers, discipline signals the cycle, and the pipeline's decade-lag frames every price scenario's ceiling and floor. The companion pages carry each thread; this one holds the frame.
Supply writes again tomorrow; the page transcribes. ₹16.48 per gram today — signed, as always, by the supply side.
Uranium Supply and Price — The Driver FAQ
Supply is the author: with demand vertical, every price era — including today's ₹16.48/g (July 20, 2026) — is supply's story. Mine output (~50,000 t), discipline decisions, secondary sources and financial absorption write the chapters.
Primary: Kazakhstan (~40%), Canada, Australia, Namibia, Uzbekistan lead mining. Secondary: inventories, recycled material, enrichment underfeeding — the buffer that filled the demand gap for two decades and visibly thins.
The post-bear-market doctrine: produce to contracts, not capacity. Kazatomprom mines below licence; Cameco restores output only against sales. Discipline raised the cycle's floor — the single biggest supply-side change of the modern era.
Restarts: 1–2 years. New mines: a decade-plus through permitting and construction. The lag is the market's defining asymmetry — price spikes meet inelastic supply for years, hence the historic overshoots.
Structurally short: UCIL's lean-ore output covers a fraction of need; imports bridge the rest under the post-2008 agreements. The breeder programme is the long-game supply answer — multiplying energy per mined kilogram.
