Uranium Market - Available Supply

Available Supply

The world's present measured resources of uranium, economically recoverable at a price of US$130/kg, are enough to last for some 80 years at current consumption.

In 1983, physicist Bernard Cohen proposed that the world supply of uranium is effectively inexhaustible, and could therefore be considered a form of renewable energy. He claims that fast breeder reactors, fueled by naturally-replenished uranium extracted from seawater, could supply energy at least as long as the sun's expected remaining lifespan of five billion years. These reactors use uranium-238, which is more common than the uranium-235 required by conventional reactors.

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