Uranium production in the US was close to zero for second quarter in a row

EIA could not publicly release data for U.S. production of uranium concentrate (U3O8) in the third quarter of 2020.

Domestic uranium production has declined considerably in recent years, and activity did not reach a threshold where a specific production figure could be published without violating the protections that EIA has committed to provide.

Last time EIA reported the U.S. production of uranium concentrate was the first quarter of 2020 (8,098 pounds U3O8 or 3.1 tonnes U).

Therefore, uranium industry in the United States is nearly extinct by now. This begs the question why the largest economy in the world and the biggest consumer of uranium globally (U.S. nuclear plants burn ~21,000 tonnes of natural uranium each year) allowed itself to be almost fully reliant on import of this critical metal?

As a partial response, President Donald Trump’s 2021 budget proposed $150 million for the creation of a U.S. uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors.

For our opinion, that is just a drop in the bucket. One of the world’s largest uranium industries in the past deserves better.

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