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Product

HALEU

Covered in 1 MetalsCost.com News Intelligence article, most recently on August 27, 2026.

Definition High-Assay Low-Enriched Uranium, 5%-20% U-235
Why It Matters Lets advanced/small modular reactors run smaller cores, longer cycles
Historical Supply Before 2023, Russia's TENEX was the only commercial-scale supplier
US Producer Centrus Energy, Piketon Ohio — over 920 kg produced 2023-2025
License Cap Up to 600 kg/year at up to 19.75% U-235 (Centrus NRC license)

Overview

HALEU is uranium enriched to somewhere between 5% and just under 20% U-235 — above the 3-5% used in today's conventional reactor fuel, but well below the 20% threshold that reclassifies uranium as highly enriched. That extra fissile concentration lets reactor designers build smaller, more compact cores that run longer between refuelings, which is why HALEU has become central to the next generation of advanced reactors and small modular reactors (SMRs).

Who's Producing It

For years, Russia's state-owned TENEX was the only company enriching HALEU at commercial scale, a dependency that became a strategic liability after Russia's invasion of Ukraine. In response, the US Department of Energy has backed domestic HALEU capacity, with Centrus Energy running a demonstration cascade at Piketon, Ohio that produced over 920 kg between October 2023 and mid-2025, operating under an NRC license currently capped at 600 kg a year enriched up to 19.75% U-235.

Sources

Coverage