These projections show continued growth in uranium mine production from «primary sources» in the next ten years, with an apparent steep drop off
in uranium supplied from «secondary sources» in the near future.
Not exact matches
That lower baseline energy demand as well as marginal increases
in supplies has led to lower global oil and gas prices and more competitive pressure on the
uranium space.
Despite the fact that Russia has plentiful
uranium supplies within its border rendering any Australian or other
uranium sale ban toothless, sometimes optics are more important than reality
in moving markets and it appears that this is the case here.
Uranium has roared ahead
in Q1 on the back of the possibility of Japanese reactor restarts and a looming
supply and demand imbalance
in favor of increased demand.
These include adequate
uranium supply (probably necessitating immense
uranium strip mines
in Tennessee), almost inconceivable reactor and waste - transport accidents, low - level radiation effects from normal plant operations, and the burden of guarding both radioactive waste and outdated but radioactive nuclear plants for thousands of years.
The Obama administration knew that Russia had used bribery, kickbacks and extortion to get a stake
in the US atomic - energy industry — but cut deals giving Moscow control of a large chunk of the US
uranium supply anyway.
Visible from space, the Bayan — Obo iron mine
in Inner Mongolia is the world's largest source of rare earths, and the Chinese companies
supplying them employ acid to dissolve them out of ore rock that often also contains radioactive elements like thorium, radium or even
uranium.
Because the world's
uranium supply is finite and the continued growth
in the numbers of thermal reactors could exhaust the available low - cost
uranium reserves
in a few decades, it makes little sense to discard this spent fuel or the «tailings» left over from the enrichment process.
«The fact that it's [the weapons down - blending] winding down and it's not an unlimited
supply is part of the market boom
in uranium,» NRC's McIntyre speculates.
With 436 reactors worldwide consuming 65,000 metric tons (one metric ton equals 1.1 U.S. tons) of enriched
uranium per year, demand for this nuclear reactor fuel outstrips available
supply, which has caused
uranium prices to jump from a low of $ 10 per pound a few years ago to more than $ 130 per pound
in 2007 and still more than $ 50 per pound today.
Such
uranium deposits
in Canada, Australia and Kazakhstan comprise the bulk of the world's known
supply — although
uranium is a ubiquitous atom that can even be derived from seawater.
The M.I.T. report argues that a leasing program,
in which countries with the capability to enrich
uranium fuel
supply it to other countries and then take back the spent fuel for disposal
in one form or another at the end of its useful life.
Study co-author Heye Freymuth of the University of Bristol explains: «Although
uranium was incorporated into the oceanic crust since the initial rise
in atmospheric oxygen about 2.4 billion years ago, the ocean crust did not incorporate higher amounts of
uranium - 238 as the oceans did not yet have adequate
supplies of oxygen.»
One attractive feature of fast reactors is that they can produce more fuel than they consume, avoiding the issue of the limited
supplies of the
uranium used
in conventional nuclear reactors.
Partners
in the Kilopower project include NASA's Glenn Research Center, the Department of Energy, Los Alamos National Lab and the Y12 National Security Complex, which
supplies the reactor's
uranium.
«Often forgotten, is the need for us to make sure that the buyers of our
uranium oxide are able,
in the face of resistance to nuclear power, to talk proudly about the responsible mining (and mine site rehabilitation) of their
suppliers in Australia.
Centrus Energy Corp. is a trusted
supplier of enriched
uranium fuel for commercial nuclear power plants
in the United States and around the world.
While extensive
supplies of «secondary source»
uranium are held by the U.S., Russia and other countries, secondary source
uranium has yet to included
in WNA projections of future
uranium supply.
While other sources of «secondary
uranium» are also potentially significant sources of
uranium supply, this brief discussion shows that UET
in Russia and HEU could be major sources of
uranium supply for decades to come.
World
uranium demand and
supply projections are presented
in Table 2.
Table 2 shows that
in 2004, more than 45 %, 30,332 tonnes of the 66,658 tonnes of
uranium supplied to reactor operators, came from «secondary sources.»
That projection forecasts that
in 2004, world
uranium demand will reach 66,658 tonnes and world
uranium supply will reach 66,374 tonnes, leaving a very small
supply deficit of 284 tonnes, less that 1 % of total world demand.
The «recycling» of the Russian «excess» HEU is the source of 10,000 - 12,000 tonnes of future
uranium supply from HEU forecast
in Table 2.
The
Uranium Production Cost Study complements UxC's Uranium Market Outlook (UMO) and Uranium Supplier's Annual (USA) in identifying where expanded and new uranium supply will come from among 116 worldwide projects to meet future nuclear fuel demand throug
Uranium Production Cost Study complements UxC's
Uranium Market Outlook (UMO) and Uranium Supplier's Annual (USA) in identifying where expanded and new uranium supply will come from among 116 worldwide projects to meet future nuclear fuel demand throug
Uranium Market Outlook (UMO) and
Uranium Supplier's Annual (USA) in identifying where expanded and new uranium supply will come from among 116 worldwide projects to meet future nuclear fuel demand throug
Uranium Supplier's Annual (USA)
in identifying where expanded and new
uranium supply will come from among 116 worldwide projects to meet future nuclear fuel demand throug
uranium supply will come from among 116 worldwide projects to meet future nuclear fuel demand through 2030.
In light of the increasing volatile nature of the
uranium market, primary and potential
suppliers are continuously re-evaluating their properties and future production plans, as well as expanding exploration programs where economically feasible.
Since
uranium and enrichment are substitutes, increases
in enrichment
supply can have a major impact on the future demand for
uranium.
The reduction
in blended down
uranium reflects a projected end of current U.S. - Russian HEU blending agreements, but not the end of HEU
supplies.
Thus, if they were opened, the new mines
in New Mexico would reflect not a «need» for that
uranium, but a deliberate policy of not using the large amounts of
uranium available from secondary sources to
supply the U.S. and world
uranium market.
Centrus Energy is a trusted
supplier of enriched
uranium fuel for commercial nuclear power plants
in the United States and around the world.
«If we have technology to capture
uranium from seawater, we can ensure that an essentially unlimited
supply of the element becomes available if
uranium prices go up
in the future,» Schneider said.
Centrus has signed several new sales contracts
in the last three months to
supply its utility customers with low - enriched
uranium fuel.
President Trump and his supporters claim that
in exchange for millions of dollars
in donations to the Clinton Foundation, Hillary Clinton supported the 2010 sale of a mining company that gave Russia control of U.S.
uranium supplies.
With domestic production of oil, gas and
uranium far below peaks, coal has been promoted by elected officials and energy experts as the only bright spot
in the national fuel
supply picture.
Even
in the realm of nuclear power, it seems that Iran wants to refine
Uranium and could help
supply the world market but needs to have an overwatch so they wouldn't be trusted with making bombs, tomorrow is Hiroshima Day, but again there is a political crisis of insanity overriding good management.
quokka provided a good answer about future fuel
supply, but more
uranium mining will be required
in the near to medium term while Generation II and III plants are still being built.
there is a sufficient
supply of molybdenum - 99 produced without the use of highly enriched
uranium available to meet the needs of patients
in the United States; and
All of the
uranium consumed
in one year
supplies as much energy as about 2.78 hours of all the sunlight incident on Earth.
(The DOE also is apparently considering a different fast reactor design that would use high - assay, low - enriched
uranium fuel, but this material is
in short
supply and a new production source would have to be established.
Ontario Hydro
in a multi-million dollar arbitration relating to the termination of a
uranium supply contract with Denison Mines.