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Current uranium reserves are sufficient, under current obtention conditions, for slightly over 130 years of supply. Nuclear now produces, worldwide, less than

Current uranium reserves are sufficient, under current obtention conditions, for slightly over 130 years of supply. Nuclear now produces, worldwide, less than 10% of electricity (which is less than 2.2% of total final energy). Double the reactor fleet and each new one will only produce under current conditions for 60 years (in other words it will probably be quite difficult to finance). Canada and Australia pertain to the Anglosphere, therefore if nuclear enjoys a 'Renaissance' in the US they will provide uranium to their friends first, and will not provide it to any nation not aligned with the Anglosphere. For quite a bunch of nation Canada and Australia aren't dependable providers. Kazakhstan can be subdued by Russia (yeah, I know, their current stance is apparently defiant, however recent history is quite clear: https://en.wikipedia.org/wiki/Kazakhstan%E2%80%93Russia_relations#2022_anti-government_protests https://en.wikipedia.org/wiki/Kazakhstan%E2%80%93Russia_rela... ) or even China. Uzbekistan, also extracting uranium, stands in similar shoes. Who wants to have to beg Russia for uranium? Read on: https://www.reuters.com/business/energy/exclusive-us-utilities-push-white-house-not-sanction-russian-uranium-2022-03-02/ https://www.reuters.com/business/energy/exclusive-us-utiliti... https://www.nytimes.com/2023/03/10/business/economy/russia-nuclear-energy-ukraine.html https://www.nytimes.com/2023/03/10/business/economy/russia-n... https://www.hydesmith.senate.gov/hyde-smith-questions-us-reliance-russian-uranium-fuel-nuclear-power https://www.hydesmith.senate.gov/hyde-smith-questions-us-rel... > bunch of other nations mine and sell uranium Not really. Niger, Namibia? China and Russia are more and more in control there. > Whenever there are big mountain ranges, there is uranium. and it is cheap as a commodity Not at all. Please source. In many places obtaining it is very difficult due to local conditions, ore grade... During the 'uranium bubble' (around 2007) prospection hugely intensified and raised a mere 15% new known and inferred reserves ( https://en.wikipedia.org/wiki/Uranium_bubble_of_2007#Impact https://en.wikipedia.org/wiki/Uranium_bubble_of_2007#Impact ). Who wants to bet billions on this?

slt2021 2y ago
this is not an issue at all, Ukraine is at war with Russia, yet Russia continues to pump natural gas through Ukraine to Europe and even pays $$$ to Ukraine for transit (!!!!) When it comes to commodity trading - $$$ trumps everything. uranium reserves are plentiful, given that you dont need a lot of Uranium to recharge the plant https://www.visualcapitalist.com/charted-global-uranium-reserves-by-country/ https://www.visualcapitalist.com/charted-global-uranium-rese... the most importantly: for Uranium producer there is zero reason to withhold uranium. Like what are you gonna do by stockpiling radioactive rock ??? You just gonna lose your customer to another country. Isn't it better to get rid of radioactive rock and get $$$ instead? even OPEC cannot agree to maintain oil production to keep price stable, there is absolutely ZERO chance someone can cause trouble on uranium market
- natmaka 2y ago
  > Ukraine is at war with Russia This single fact shows, according to you, that no embargo can ever happen in the future. I abandon this "conclusion" to you. Uranium reserves are to be considered in current conditions, all reserves are not immediately available nor equivalent (ore grade...). > there is zero reason to withhold uranium There will be more and more reasons to do so if it becomes scarce and needed by superpowers. > even OPEC Because the superpowers are at ease with the current situation (shale oil plays a major role here). Oil already triggered wars.
  - slt2021 2y ago
    Uranium has been strategic mineral for nuclear weapons and yet still is traded free on the global market. Every country that has nuclear weapons does have nuclear reactors, and supply is basically not an issue. The technology is the main moat (uranium enrichment & reactor tech & turbine tech & missile tech)
    - natmaka 2y ago
      No, it never was as all pertinent nations could easily obtain enough uranium to 'cook' it for weapons. Even the most eager to build huge amounts of weapons (USSR and USA) never had any problem related to the amount of uranium needed. Short version: the amount of uranium needed to build an impressive arsenal of nuclear weapons is way, way lower than the amount needed to produce a fair part of gridpower for years. > Every country that has nuclear weapons does have nuclear reactors Yes, because a reactor is needed to 'cook' uranium (in order to obtain high-grade Pu-239) for weapons. This very need was what led nations to build reactors, electricity-generating nuclear plants were at best an aftermath and in some cases an excuse (hiding the real objective).
      - defrost 2y ago
        Sure, once the Cold War started ... > This very need was what led nations to build reactors, electricity-generating nuclear plants were at best an aftermath In absolute history, though, this is arse backwards. The UK and the US both had piles and generation plans before they even thought building nuclear weapons was at all possible. The US, in particular, had a nuclear science body that were pretty damn sure weapons weren't feasible and had a major focus on atomic power to generate energy. They ignored the letter by Einstein that highlighted the dangers of a German nuclear program suspected of chasing weapons and only paid heed after several approaches by Tube Alloys (the UK nuclear weapons group) when the Australian nuclear scientist Mark Oliphant visited the US and laid out in detail a method by which a bomb could be feasibly constructed.

slt2021 2y ago

this is not an issue at all, Ukraine is at war with Russia, yet Russia continues to pump natural gas through Ukraine to Europe and even pays $$$ to Ukraine for transit (!!!!) When it comes to commodity trading - $$$ trumps everything. uranium reserves are plentiful, given that you dont need a lot of Uranium to recharge the plant https://www.visualcapitalist.com/charted-global-uranium-reserves-by-country/ https://www.visualcapitalist.com/charted-global-uranium-rese... the most importantly: for Uranium producer there is zero reason to withhold uranium. Like what are you gonna do by stockpiling radioactive rock ??? You just gonna lose your customer to another country. Isn't it better to get rid of radioactive rock and get $$$ instead? even OPEC cannot agree to maintain oil production to keep price stable, there is absolutely ZERO chance someone can cause trouble on uranium market

natmaka 2y ago
> Ukraine is at war with Russia This single fact shows, according to you, that no embargo can ever happen in the future. I abandon this "conclusion" to you. Uranium reserves are to be considered in current conditions, all reserves are not immediately available nor equivalent (ore grade...). > there is zero reason to withhold uranium There will be more and more reasons to do so if it becomes scarce and needed by superpowers. > even OPEC Because the superpowers are at ease with the current situation (shale oil plays a major role here). Oil already triggered wars.
- slt2021 2y ago
  Uranium has been strategic mineral for nuclear weapons and yet still is traded free on the global market. Every country that has nuclear weapons does have nuclear reactors, and supply is basically not an issue. The technology is the main moat (uranium enrichment & reactor tech & turbine tech & missile tech)
  - natmaka 2y ago
    No, it never was as all pertinent nations could easily obtain enough uranium to 'cook' it for weapons. Even the most eager to build huge amounts of weapons (USSR and USA) never had any problem related to the amount of uranium needed. Short version: the amount of uranium needed to build an impressive arsenal of nuclear weapons is way, way lower than the amount needed to produce a fair part of gridpower for years. > Every country that has nuclear weapons does have nuclear reactors Yes, because a reactor is needed to 'cook' uranium (in order to obtain high-grade Pu-239) for weapons. This very need was what led nations to build reactors, electricity-generating nuclear plants were at best an aftermath and in some cases an excuse (hiding the real objective).
    - defrost 2y ago
      Sure, once the Cold War started ... > This very need was what led nations to build reactors, electricity-generating nuclear plants were at best an aftermath In absolute history, though, this is arse backwards. The UK and the US both had piles and generation plans before they even thought building nuclear weapons was at all possible. The US, in particular, had a nuclear science body that were pretty damn sure weapons weren't feasible and had a major focus on atomic power to generate energy. They ignored the letter by Einstein that highlighted the dangers of a German nuclear program suspected of chasing weapons and only paid heed after several approaches by Tube Alloys (the UK nuclear weapons group) when the Australian nuclear scientist Mark Oliphant visited the US and laid out in detail a method by which a bomb could be feasibly constructed.