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According to the World Nuclear Association, there is approximately 5.7M tons of recoverable uranium globally. [0] The Minerals Council of Australia shows that
by SturgeonsLaw 9y ago
According to the World Nuclear Association, there is approximately 5.7M tons of recoverable uranium globally. [0]
The Minerals Council of Australia shows that the current worldwide uranium usage is increasing by about 4.8% p.a., projected to hit 97,900 tons in 2020. [1]
This will give us a little over 60 years until almost all of the economical sources of uranium are consumed, assuming conventional reactors.
Considering that timeframe along with the fact that plants take 7-15 years to bring online if they're started now, and the fact that they have dismal returns on investment, means there's little appetite for nuclear for economic reasons.
[0] http://www.world-nuclear.org/information-library/nuclear-fuel-cycle/uranium-resources/supply-of-uranium.aspx http://www.world-nuclear.org/information-library/nuclear-fue...
[1] http://www.minerals.org.au/resources/uranium/uranium_nuclear_forecasts http://www.minerals.org.au/resources/uranium/uranium_nuclear...