What is the highest annual uranium value in this dataset?

$88.25 ($/lb U3O8 equivalent) in 2007 annual value. This is the highest annual observation within 2003–2025, rather than a daily market record.

How are inflation-adjusted prices calculated?

Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Energy Series coverage: 2003–2025

Uranium Historical Price Archive

Annual Uranium Spot-Contract Purchase Prices

Cite Data

Uranium provides fuel for nuclear power. This archive tracks the weighted-average price of spot-contract deliveries purchased by U.S. civilian reactor owners and operators.

Annual spot-contract uranium purchase price: Weighted-average price paid for uranium delivered under spot contracts to U.S. civilian nuclear power reactor owners and operators, dollars per pound U3O8 equivalent. Delivery-year averages, not daily spot quotations.

Uranium Interactive Price History (2003–2025)

Inflation-Adjusted (Real 2026 USD)

Drag to pan, scroll to zoom, and hover for annual values.

Loading chart. Annual values are also available in the table below.

Data sources: U.S. Energy Information Administration (EIA) Annual Observations

Uranium Historical Eras & Macro Cycles

Detailed analysis of secular supercycles, wartime allocations, and price shocks

Nuclear fuel purchasing cycles

2003–2025

Utilities buy uranium through both spot and long-term contracts. This chart isolates deliveries under spot contracts, which EIA defines as generally occurring within one year of signing. Purchase averages describe delivered fuel costs rather than a daily market quotation.

Price Behavior Annual observations range from $10.1 to $88.25 ($/lb U3O8 equivalent).

Key Catalysts

Reactor fuel requirements
Contract delivery schedules
Uranium supply

Uranium Complete Historical Price Table (2003–2025)

Nominal vs. Real Inflation-Adjusted Prices in 2026 USD

Year	Nominal Price ($/lb U3O8 equivalent)	Real Price (2026 USD)	CPI / Historical Estimate	Historical Context / Market Event
2025	$75.83	$78.90	321.9	Small Modular Reactor (SMR) Commercial Buildout
2024	$71.92	$76.80	313.7	Tech Hyperscalers (Microsoft, Amazon) Sign Nuclear PPAs
2023	$51.64	$56.77	304.7	Niger Military Coup & Global Reactor Life Extensions
2022	$40.70	$46.59	292.7	Russia-Ukraine War & Western Enriched Uranium Sanctions
2021	$30.56	$37.78	271.0	SPUT Physical Sequestration Begins
2020	$28.70	$37.15	258.8	COVID-19 Cigar Lake & Kazatomprom Curtailments
2019	$27.89	$36.54	255.7	—
2018	$27.51	$36.70	251.1	Sprott Physical Uranium Trust (SPUT) Precursors
2017	$22.36	$30.56	245.1	Cameco Suspends McArthur River Mine
2016	$29.62	$41.34	240.0	—
2015	$36.80	$52.01	237.0	—
2014	$36.64	$51.85	236.7	—
2013	$43.83	$63.03	233.0	Megatons to Megawatts Program Ends
2012	$51.04	$74.47	229.6	—
2011	$54.69	$81.44	224.9	Fukushima Daiichi Disaster (Japan Shuts 54 Reactors)
2010	$43.99	$67.58	218.1	—
2009	$46.45	$72.53	214.5	—
2008	$66.95	$104.16	215.3	Global Financial Crisis Liquidation
2007	$88.25	$142.58	207.3	All-Time Nominal Record High ($136/lb in June 2007)
2006	$39.48	$65.60	201.6	Cigar Lake Mine Flooding Disaster
2005	$20.04	$34.37	195.3	—
2004	$14.77	$26.19	188.9	—
2003	$10.10	$18.39	184.0	Nuclear Renaissance Speculation Begins

Frequently Asked Questions: Uranium History

Targeted answers to high-frequency historical and economic queries

What does this uranium chart measure?: Annual spot-contract uranium purchase price. Weighted-average price paid for uranium delivered under spot contracts to U.S. civilian nuclear power reactor owners and operators, dollars per pound U3O8 equivalent. Delivery-year averages, not daily spot quotations.
What is the highest annual uranium value in this dataset?: $88.25 ($/lb U3O8 equivalent) in 2007 annual value. This is the highest annual observation within 2003–2025, rather than a daily market record.
How are inflation-adjusted prices calculated?: Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Cite This Dataset

U.S. Energy Information Administration (EIA): Uranium Marketing Annual Report, table S1b: spot-contract purchases

APA (7th Edition)

Commodities History Project. (2026). Uranium Historical Prices and Inflation-Adjusted Series (2003–2025) [Data set]. CommoditiesHistory.com. https://commoditieshistory.com/uranium

BibTeX

@dataset{commoditieshistory_uranium_2026,
  author = {{Commodities History Project}},
  title = {Uranium Historical Prices and Inflation-Adjusted Series (2003–2025)},
  year = {2026},
  publisher = {CommoditiesHistory.com},
  url = {https://commoditieshistory.com/uranium}
}