U.S. Uranium Production for 2018 Likely to be Lowest in 60 Years
SUGAR LAND--October 4, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Domestic production of uranium concentrate in 2018 is likely to be at its lowest level since the early 1950s, according to the U.S. Energy Information Administration (EIA). Through the first six months of 2018, uranium concentrate production totaled 592,000 pounds, down 50% compared with the first half of 2017. Industrial Info is tracking more than $3.5 billion in U.S. uranium mining project activity in the U.S., but more than half of that amount is tied to projects that are assessed as having a low probability of moving forward as planned, amid poor market conditions.
Within this article: Update on planned restart/expansion of the underground Velvet-Wood mine near La Sal, Utah.
