Why Uranium Stocks Are Falling as U.S. Production Triples

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 to 2. 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 production increased 4. 7% to 1. 09 million pounds. U. S. nuclear-plant operators purchased 46. 9 million pounds of uranium in 2025, more than 22 times the amount produced domestically. Uranium of U. S.