U.S. Uranium Output Jumps, but Still Lags Canada, Other Nations

August 21, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. uranium production is bouncing back. Higher prices drove domestic production in 2022 about 10 times higher than in 2021, according to the U.S. Energy Information Administration (EIA). Nonetheless, last year's uranium output remained near historic lows, despite operations resuming at the U.S.'s only conventional uranium mill.

Industrial Info is tracking more than $5 billion worth of active and planned uranium-related projects in the U.S. Metals & Minerals Industry. Canada, which accounted for 27% of foreign uranium purchased by U.S. in 2022, accounts for more than $14 billion worth.

Altogether, five U.S. facilities produced uranium concentrate in 2022. Energy Fuels Incorporated's (Lakewood, Colorado) White Mesa Mill in Blanding, Utah, the sole operating conventional uranium mill in the nation, accounted for 84% of the output, with the remainder produced at in situ recovery facilities.

Other companies featured: Ucore Rare Metals Incorporated and Cameco Corporation (NYSE:CCJ)