Why is uranium called a potential resource?

Uranium is called a potential resource when there is no known commercial way to extract it economically. The nuclear industry will often list potential uranium in an effort to avoid the horrible fact that uranium will start to run short in about 2025, and that's according to the IAEA. read more

Uranium is called a potential resource when there is no known commercial way to extract it economically. The nuclear industry will often list potential uranium in an effort to avoid the horrible fact that uranium will start to run short in about 2025, and that’s according to the IAEA. read more

Less literally, sunlight is also a finite resource - but will be available for billions of years, so is usually taken as infinite from a human perspective. Uranium is fairly common, but not super abundant. At current rates of consumption, and current prices, the easy to mine resources currently known would run out in about 90 years. read more

It dominates the scene, and produces 40% of all electricity worldwide, while uranium produces 13.5%. In OECD countries the figures are closer together: 37% and 23% respectively. Uranium. Uranium is also abundant, and technologies exist which can extend its use 60-fold if demand requires it. read more