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EIA: US has produced most uranium in 2018

EIA: US has produced most uranium in 2018

Energy Information Administration of the United States reported on Wednesday that the U.S. produced a greater amount of uranium concentrat, which is used as fuel for nuclear reactors, during the final three months in 2024 than in any other quarter over the past six years.

The EIA reported that the increase in output was due to higher uranium prices and the restart of production at White Mesa Mill, the only uranium-producing mill in the United States.

Why it's important

Data centers, onshored production and electrification in buildings and transportation have all contributed to the rise of electricity demand in the United States. This has renewed interest for the long-struggling country's nuclear energy industry. Two nuclear reactors are being restarted, one of which is at the old Three Mile Island plant. The federal government, in an effort to jump-start the domestic nuclear supply chain, awarded contracts to six companies for the production of uranium.

By the Numbers

The EIA reported that the production of concentrate in the fourth quarter last year totaled 375.401 pounds, which is higher than any of the previous three years. The EIA said that the supply was tripled from the third quarter 2024. This was due to two processing plants in Texas and Wyoming. (Reporting and editing by Laila KEARNEY; Paul Simao).

(source: Reuters)