US uranium production slumped 89% last year

US uranium concentrate production slumped 89% last year, to 174 000 lb of U3O8, according to information by the US Energy Information Administration (EIA).

This is a sharp decrease from the 4.89-million pounds a year that the US produced five years earlier.

The EIA report comes about a month after the Trump Administration outlined “bold” plans to arrest the decline of the uranium mining industry as part of efforts to grow the entire US nuclear energy fuel cycle.