RE:RE:You guys in the right sector? A recent US Energy Information Administration (EIA) report highlights that in 2015, US uranium production dropped to its lowest in 10 years. Meanwhile, Q4 uranium output in the US was the lowest since 2002.
More specifically, EIA figures show that in Q4 2015, the US produced 585,048 pounds of U3O8, a whopping 24 percent lower than the previous quarter, and 46 percent lower than the same period in 2014. And between the first and final quarters of 2015, there was a 49-percent drop in production.
Looking at 2015 as a whole, US uranium production reached 3,303,977 pounds of U3O8. That's 32 percent less than the 4,891,1332 pounds of U3O8 produced in 2014; it's also the lowest production in the US since 2005. The EIA notes that the US' 2015 production amounted to just 7 percent of the anticipated demand from US civilian nuclear power reactors.
