Verkhny Ufaley is rich in mineral deposits (nickel and iron ores, marble, fire clay) and the economy of the town and the surrounding areas is heavily dependent on metallurgical factories, such as "UZMM" (Ufaley Metallurgical Machinery Works) and "Ufaleynickel". The latter, in particular, is the town's largest industrial enterprise, responsible for 75% of the total volume of the goods produced and much of the town's employment.
Lake Itkul
Lake Itkul, located at the altitude of 720 meters (2,360 ft) above sea level, is one of the notable natural wonders in Verkhny Ufaley. It is fed by springs, creeks, and small rivers, so its waters renew within a year and are fresh and clean. The lake is clear but has a brownish reflection. The lake and its vicinity have become a popular destination for Verkhny Ufaley's residents and visitors alike.
Sports
The bandy club Nikelshchik[8] plays in the second highest division, Russian Bandy Supreme League.[9] Their spectator numbers stand out. Whereas it's unusual in their division to reach 1 000, they usually have a couple of thousand.
Законодательное Собрание Челябинской области. Постановление №161 от 25 мая 2006 г. «Об утверждении перечня муниципальных образований (административно-территориальных единиц) Челябинской области и населённых пунктов, входящих в их состав», в ред. Постановления №2255 от 23 октября 2014 г. «О внесении изменений в перечень муниципальных образований (административно-территориальных единиц) Челябинской области и населённых пунктов, входящих в их состав». Вступил в силу со дня официального опубликования. Опубликован: "Южноуральская панорама", №111–112, 14 июня 2006 г. (Legislative Assembly of Chelyabinsk Oblast. Resolution #161 of November 25, 2006 On Adoption of the Registry of the Municipal Formations (Administrative-Territorial Units) of Chelyabinsk Oblast and of the Inhabited Localities They Comprise, as amended by the Resolution #2255 of October 23, 2014 On Amending the Registry of the Municipal Formations (Administrative-Territorial Units) of Chelyabinsk Oblast and of the Inhabited Localities They Comprise. Effective as of the official publication date.).