The global uranium market reached 9.73 billion dollars in 2025 and is projected to grow to 13.59 billion dollars by 2033, according to DataM Intelligence, a compound annual growth rate of 4.86 percent across the 2026 to 2033 forecast window. The expansion reflects a market repricing around rising nuclear demand.

Price data tells a similar story. Long-term uranium contract prices reached 90 dollars per pound in 2026, the highest since 2008. The spot price passed 101 dollars per pound in January before settling into an 84 to 87 dollar range through the second quarter, a level well above the depressed prices that characterized much of the prior decade.

The demand curve is steep. Uranium consumption is projected to rise 28 percent by 2030 and nearly double by 2040. Three forces underpin the outlook: electricity demand from AI data center infrastructure that needs continuous baseload power, supply constraints among the largest global producers, and a broad policy shift treating nuclear as a core part of the energy mix.

United States production is responding after years of dormancy. New in-situ recovery operations opened in Texas and Wyoming in 2026, and established producers such as Cameco and Energy Fuels have guided toward higher output. The combination of climbing prices, expanding market value, and renewed domestic mining marks one of the sharpest turnarounds in the commodity's recent history.

Source: DataM Intelligence -- https://www.datamintelligence.com/research-report/uranium-market