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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, according to the EIA. Second‑quarter output increased 4.7 % to 1.09 million pounds. Despite the gains, U.S. reactors purchased 46.9 million pounds of uranium in 2025, more than 22 times the domestic output, with only 7 % of deliveries coming from U.S. sources. The increase in production has been supported by a heavy drilling and spending campaign, with exploration drilling up 66 % to 1.02 million feet in 2025 and spending rising 47 % to $234.7 million, the highest since 2014.
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