Executive Overview
Latest Spot Price
$88.30
USD / lb · May 2026
12-Month Average
$78.32
USD / lb · trailing 12M
Month-over-Month
+2.6%
vs April 2026
Year-over-Year
+19.0%
2026 avg vs 2025 avg
Canada World Share
15.3%
of global supply · 2024
Uranium Spot Price — Historical Trend (USD / lb)
Top Producers by Volume (tU · 2024)
Uranium spot prices have risen approximately 19% year-over-year, reaching ~$88/lb in mid-2026.
Renewed utility contracting and growing nuclear commitments from AI hyperscalers are driving long-term demand.
Canada — the world's second-largest producer — supplies 15.3% of global uranium,
positioning it as a critical swing supplier in a tightening market.
Price & Production Trends
Spot Price + 12-Month Moving Average
World Uranium Production — Annual (tU)
Production by Country — Top 5 Stacked (tU)
Canada vs Kazakhstan — Production (tU)
The uranium price cycle shows a sustained recovery from sub-$30/lb lows in 2016–2020
to current levels above $85/lb. Canada's production has grown consistently, supported by
Athabasca Basin operations. Kazakhstan remains the dominant global producer at ~43% world share,
but Canadian supply quality and geopolitical stability make it strategically irreplaceable.