Wedoany.com Report-Apr. 3, The U.S. saw a significant increase in uranium concentrate production in the final three months of 2024, reaching levels not seen in any quarter over the past six years. The U.S. Energy Information Administration (EIA) reported this surge on Wednesday, attributing it to higher uranium prices and the reactivation of the White Mesa Mill in Utah, the nation’s only operational uranium mill. This concentrate is essential for fueling nuclear reactors.
The Three Mile Island Nuclear power plant is seen at sunrise in Middletown, Pennsylvania, U.S., October 16, 2024.
The EIA highlighted that growing electricity demand, driven by data centers, reshored manufacturing, and the shift to electric transportation and buildings, has sparked renewed interest in nuclear energy. This sector has faced challenges in recent years, but the uptick in demand is prompting efforts to strengthen its domestic supply chain. Late last year, the federal government awarded contracts to six companies to produce uranium fuel, aiming to support this revival. Additionally, companies are working to restart two fully decommissioned nuclear reactors, including one at the former Three Mile Island site.
According to the EIA report, uranium concentrate output reached 375,401 pounds in the fourth quarter of 2024. This figure exceeds the total production for each of the previous three years individually. The supply, primarily from two facilities in Texas and Wyoming, was more than three times the 121,296 pounds produced in the third quarter of 2024. The White Mesa Mill’s resumption of operations played a key role in this boost, alongside favorable market conditions.
This increase reflects a practical response to rising energy needs in the U.S. The EIA noted: “Higher prices and operational restarts have driven this production growth.” The focus on nuclear power aligns with efforts to meet demand reliably, as industries and infrastructure increasingly rely on steady electricity sources. The output from Texas and Wyoming, combined with Utah’s contribution, marks a notable step in enhancing the country’s uranium supply.
The push to bolster nuclear energy infrastructure highlights its role in addressing modern energy challenges. With production now surpassing recent annual totals, the U.S. is taking measures to ensure a stable fuel supply for its reactors. These developments, supported by government contracts and facility restarts, signal a turning point for an industry aiming to regain momentum.
