Production of uranium concentrate in the fourth quarter of the year, at 585,048 pounds U3O8 (225 tU), was down 24% from the third quarter and down 46% from the fourth quarter of 2014. The quarterly production figure was the lowest since the fourth quarter of 2002.
The EIA said that the 49% fall in production from the first quarter of 2015 – when over 1.15 million pounds U3O8 (442 tU) was produced – to the fourth quarter “may be attributed to the low market price of uranium”.
