Global price of Uranium
PURANUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.58
Year-over-Year Change
-13.89%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Global price of Uranium' measures the international spot market price for uranium, a vital fuel for nuclear power generation. This data point is crucial for analysts and policymakers to understand trends in energy markets and the nuclear fuel supply chain.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Global price of Uranium' reflects the daily spot price for U3O8 (triuranium octoxide), the most common uranium concentrate product. This serves as a benchmark for uranium trading and is used to understand production costs, supply dynamics, and investment in the nuclear fuel cycle.
Methodology
The price is calculated based on data collected from leading uranium market participants and published by industry analysts.
Historical Context
Uranium price trends impact the economics of nuclear power, influencing policy decisions and investment in new nuclear capacity.
Key Facts
- Uranium is the primary fuel for nuclear power plants.
- The U3O8 spot price averaged $50 per pound in 2022.
- Global uranium production was 54 million pounds in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Global price of Uranium' tracks the daily spot market price for uranium, the key fuel used in nuclear power generation.
Q: Why is this trend relevant for users or analysts?
A: Uranium prices directly impact the economics of nuclear power and are a crucial indicator for energy markets, policy, and investment.
Q: How is this data collected or calculated?
A: The price is determined based on data collected from leading uranium market participants and published by industry analysts.
Q: How is this trend used in economic policy?
A: Uranium price trends inform policy decisions and investment related to nuclear power generation and the broader energy mix.
Q: Are there update delays or limitations?
A: The uranium spot price data is published daily, but may have lags or gaps depending on market activity and reporting.
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Citation
U.S. Federal Reserve, Global price of Uranium (PURANUSDM), retrieved from FRED.