By Sama Marwan ,
Uranium, a radioactive chemical element and the primary source of fuel in nuclear reactors, has seen a sharp increase in price amid escalating tensions between Israel and Iran. According to the Argentine newspaper Infobae, the price per pound of uranium has risen to $76, up from $63.5 last week.
The newspaper pointed out that the peak price of uranium was recorded in June 2007, when it reached $136.22 per pound, according to data from ActivTrades.
Alexander Londono, a market analyst at ActivTrades, stated:
“Uranium’s bullish momentum has accelerated since last Thursday, following the outbreak of conflict in the Middle East between Israel and Iran and mutual threats to use nuclear weapons. The price surged to $76.”
So What Is Uranium and Why Is It Important?
The power of uranium lies in its ability to produce a tremendous amount of energy from a small quantity. It’s primarily used in nuclear power generation and also has applications in the industrial and military sectors. The growing role of uranium in energy production and national security has increased global interest, driving both scientific research and international disputes over its control.
A recent report by the Stockholm International Peace Research Institute (SIPRI) warned of a new nuclear arms race, noting that uranium enrichment has become a major concern. Uranium is used in nuclear power plants to generate heat, which boils water to produce steam. Its large atomic size makes it more easily split compared to other elements.
To illustrate:
A chicken egg–sized amount of uranium can generate the same amount of electricity as 88 tons of coal — a powerful comparison, especially amid current Middle East tensions.
Its role in energy and technological applications makes uranium a strategic and valuable global resource.
Why Is Uranium Considered Strategic?
Uranium’s importance goes beyond energy. Its use in nuclear power plants allows large-scale energy production with no harmful gas emissions, making it a cornerstone of clean energy transitions. Countries with large uranium reserves enjoy competitive advantages in international negotiations and energy security.
Another key issue is uranium’s military use, especially in the manufacturing of nuclear weapons. Controlling access to uranium and enforcing strict international standards make it a sensitive material that influences diplomacy and global security strategies. Growing demand also fuels investment in mining and processing technologies.
How Is Uranium Extracted and Used?
Uranium is mined through either open-pit or underground methods, depending on location and concentration. After extraction, it undergoes refining and enrichment, essential steps to make it suitable for nuclear reactors. The enrichment process increases the proportion of the U-235 isotope, making it more efficient for energy production.
In industry, uranium is also used in metal alloys and radiation shielding materials. This variety of uses explains why governments, companies, and international organizations show strong interest in this mineral.
International Regulations and Future Outlook
International regulations, overseen by bodies like the International Atomic Energy Agency (IAEA), aim to balance expanding civilian use of uranium with commitments to peace and sustainability. Companies and governments employ advanced tracking systems to ensure transparency and safety.
As a result, global interest in uranium is expected to grow, balancing economic, scientific, and environmental goals. Ongoing research into next-generation reactors and recycling technologies continues to elevate uranium’s role in the future global energy landscape.
