Most of a uranium installed into U.S. chief energy reactors is imported. During 2015, owners and operators of U.S. chief energy reactors purchased 57 million pounds of uranium. Nearly half of these purchases originated from dual countries, Canada and Kazakhstan, providing 17 million pounds and 11 million pounds of uranium, respectively.
U.S. uranium combine production, that started in 1949 and appearance in 1980, has recently been nearby ancestral lows. Uranium prolongation was 0.63 million pounds of uranium (U3O8) in a initial entertain 2016. At that rate, sum 2016 prolongation might be about 2.5 million pounds, usually somewhat aloft than a low of 2.0 million pounds constructed in 2003.
Nebraska and Wyoming are a usually states that constructed uranium combine in fourth-quarter 2015 and first-quarter 2016. Production in Texas and Utah stopped in a third entertain of 2015. The one uranium writer in Nebraska has motionless to revoke production. Three new producers have begun operations in Wyoming given 2013, though a state’s other producers are scaling down production.
Employment in a U.S. uranium prolongation attention generally correlates to a marketplace cost for uranium. The mark cost of uranium increasing from an annual normal of $11 per bruise in 2003 to scarcely $100 per bruise in 2007. Uranium prolongation practice some-more than quadrupled from 321 person-years in 2003 to 1,563 person-years in 2008. Since then, uranium mark prices and prolongation practice have been lower, with prices averaging next $30 per bruise and practice during 625 person-years in 2015.
Spot prices for uranium have been low in partial since of flourishing uranium inventories hold by owners and operators of U.S. chief energy reactors. From 2004 to 2015, owners and operators of U.S. chief energy reactors purchased 677 million pounds of uranium, and 592 million pounds were installed into U.S. chief energy reactors. Since 2003, annual uranium purchases have exceeded a volume of uranium installed into reactors. The volume of uranium fuel installed into U.S. chief energy reactors averaged 49 million pounds per year from 2004 by 2015, so uranium inventories totaling 121 million pounds during a finish of 2015 could yield some-more than dual years of uranium loadings.
Of a 3.6 million pounds of U.S.-produced uranium sole in 2015, 1.5 million pounds were purchased by owners and operators of U.S. chief energy reactors from U.S. uranium combine producers. The remaining 2.1 million pounds were sole by U.S. producers to U.S. suppliers and unfamiliar suppliers in 2015.
More information on a United States uranium attention is accessible in EIA’s Domestic Uranium Production Report – Annual, Domestic Uranium Production Report – Quarterly, and Uranium Marketing Annual Report.