Record low uranium production noted as Congress debates reserve funding
Uranium producers around the world have suffered through years of record low uranium prices. In 2019 the United States recorded its lowest total uranium production—174,000 lb U3O8—since the U.S. Energy Information Administration began collecting data in 1949, according to the agency’s Today in Energy analysis of July 17.
U.S. uranium producers asked the federal government to come to their aid in January 2018, and President Donald Trump created the U.S. Nuclear Fuel Working Group (NFWG) in July 2019. While the NFWG issued a report in April 2020 recommending support for the front end of the nuclear fuel cycle, uranium producers are in a waiting game once again as the U.S. House of Representatives works on Fiscal Year 2021 appropriations legislation.
