Comment by jgehring

Comment by jgehring 5 hours ago

2 replies

There's not that much Uranium actually that's economically sensible to extract. The NEA says in their 2024 report on Uranium [1]:

> Considering both the low and high nuclear capacity scenarios to 2050 presented in this edition, and assuming their 2050 capacity is maintained for the rest of the century, the quantities of uranium required by the global fleet – based on the current once-through fuel cycle – would likely surpass the currently identified uranium resource base in the highest cost category before the 2110s.

Their "high" scenario assumes having a bit more than double of today's capacity by 2050; today we have about 4-5% supply from nuclear energy worldwide.

[1] https://www.oecd-nea.org/jcms/pl_103179/uranium-2024-resourc...

JumpCrisscross 5 hours ago

Out of curioosity, do they forecast at what point it becomes cheaper to breed than mine?

  • lazide 3 hours ago

    There are tons of mines which were shut down a long time ago, but could be reopened if there was much of a uranium market again.

    The actual efficiency of breeding thorium is so low, it would take a HUGE scarcity to actual make any sense.