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It's not true. Yes, we mine less Uranium than we use, because we have been burning Russian bomb uranium for the past ten years. When it runs out, we will need
by cameldrv 17y ago
It's not true. Yes, we mine less Uranium than we use, because we have been burning Russian bomb uranium for the past ten years. When it runs out, we will need to mine more. Why would mining companies expand mining if it's just going to pile up and cause the price to collapse because Russia is undercutting them on price? There is plenty of Uranium to be mined. It has even been shown that with a small increase in the price of electricity, we could extract the trace amounts of Uranium in seawater, which provides a nearly unlimited supply.