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Report finds uranium resources sufficient for foreseeable future

image credit: Fair use (NRC.gov)
Bob Meinetz's picture
Nuclear Power Policy Activist Independent

I am a passionate advocate for the environment and nuclear energy. With the threat of climate change, I’ve embarked on a mission to help overcome the fears of nuclear energy. I’ve been active in...

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"Adequate uranium resources exist to support the long-term, sustainable use of nuclear energy for low-carbon electricity generation, as well as for other applications, including hydrogen production. That assessment is contained in the latest (28th) edition of Uranium—Resources, Production and Demand, a global, biennial reference prepared jointly by the OECD Nuclear Energy Agency and the International Atomic Energy Agency."

The report concludes, however:

"Sufficient uranium resources have been identified to support even the most aggressive scenarios of growth in nuclear generating capacity. However, the majority of this in-ground uranium cannot be brought to the market without improved market conditions. Unattractive market conditions also slows uranium exploration investment, which in turn can affect further delineation of additional identified resources in the short term.

At market prices as of late 2020, less than 25% of the identified conventional resource base outlined in this edition could be economically brought into production, since resources with estimated mining costs greater than USD 80/kgU (USD 30.80/lb U3O8) cannot be profitably mined at these market prices."

No doubt Sierra Club and anti-nuclear groups will call for more hearings when word gets out nuclear energy is not only too safe, it's too economical. They and other "green energy" entrepreneurs - wind, solar, battery, and hydrogen salesmen - might have to find a more honest line of work.

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