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Why Uranium Stocks Are Falling as U.S. Production Triples
U.S. uranium production is climbing from a base so depleted that a threefold increase still leaves America dependent on imports for most of its reactor fuel.
AI Summary
U.S. uranium production rose to 2.1 million pounds in 2025, the highest level since 2017, and reached 2.13 million pounds in the first half of 2026, with second‑quarter output up 4.7 % to 1.09 million pounds. Nuclear‑plant operators bought 46.9 million pounds of uranium in 2025, more than 22 times the amount produced domestically, and only 7 % of that fuel came from U.S. sources. Imports from Canada, Kazakhstan and Australia supplied 75 % of the uranium used by U.S. reactors. The increase in domestic output has been supported by a record drilling effort—exploration drilling grew 66 % to 1.02 million feet in 2025—and a 47 % rise in spending on land, drilling, production and reclamation to $234.7 million.
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