Production of U.S. uranium concentrate fell 40 percent between 2014 and 2016 to 2.9 million pounds in 2016, the lowest annual total since 2005, the U.S. Energy Information Administration reported.
Production was affected by falling uranium prices, which moved from $34 per pound in January 2016 to $18 per pound in November, the lowest price since May 2004.
Approximately 0.45 million pounds of uranium was produced in the first quarter. If that level keeps up, it would be the lowest production year since 1952.
