Why Uranium Stocks Are Falling as U.S. Production Triples
Asian Oil Buying Spree Sends Dubai Crude Toward $100 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.
Output rose to2.1 million pounds in 2025, its highest level since 2017, before reaching 2.13 million pounds in the first half of 2026, according to the EIA.Second-quarter productionincreased 4.7% to 1.09 million pounds.U.S.
nuclear-plant operators purchased46.9 million pounds of uranium in 2025, more than 22 times the amount produced domestically.
origin accounted for 7% of deliveries, while Canada, Kazakhstan and Australia supplied a combined 75%.
Domestic output is rising rapidly but still supplies only a small fraction of the uranium used by U.S.
Higher output has been accompanied by the heaviest drilling and spending campaign in more than a decade.
Exploration drilling increased by two-thirds to 1.02 million feet in 2025, and spending on land, drilling, production and reclamation rose 47% to $234.7 million, its highest level since 2014, according to the EIA’s annual production report.
Six facilities produced uranium during the second quarter of 2026: four in Wyoming, one in Texas and one in Utah.
Five additional in-situ recovery plants were on standby at the end of last year, while seven proposed plants had combined planned capacity of 10.5 million pounds.
TheEIAreported 13.3 million pounds of annual capacity at operating U.S.
in-situ recovery plants at the end of 2025, although the domestic industry produced only 2.1 million pounds during the year.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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