The production of uranium in the United States registered a gain last year following several years of subdued output, according to the Energy Information Administration (EIA).
“Companies in the United States produced more uranium concentrate in 2024 than in any year since 2018 after a sustained period of higher uranium prices spurred production,” the agency said in an April 2 statement.
“Production in the fourth quarter of 2024 alone was higher than the total annual production for each of the years in 2019–23.”
Uranium concentrate is used as fuel for nuclear reactors. However, it must first be processed through conversion and enrichment facilities where the concentrate gets turned into fuel rods or pellets, which then power the reactors….