Page added on January 27, 2009
How long will global uranium deposits fuel the world’s nuclear reactors at present consumption rates?
Steve Fetter, dean of the University of Maryland’s School of Public Policy, supplies an answer:
If the Nuclear Energy Agency (NEA) has accurately estimated the planet’s economically accessible uranium resources, reactors could run more than 200 years at current rates of consumption.
Two technologies could greatly extend the uranium supply itself. Neither is economical now, but both could be in the future if the price of uranium increases substantially. First, the extraction of uranium from seawater would make available 4.5 billion metric tons of uranium—a 60,000-year supply at present rates. Second, fuel-recycling fast-breeder reactors, which generate more fuel than they consume, would use less than 1 percent of the uranium needed for current LWRs. Breeder reactors could match today’s nuclear output for 30,000 years using only the NEA-estimated supplies.
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