Visual Capitalist: Uranium: The Metal of Tomorrow
David Fuller's view I do not doubt that uranium
will be a 'metal of tomorrow', although I think it will be a distant tomorrow.
Today, nuclear reactors face too many problems. The old nuclear reactors, which
still dominate the industry, are out of date technologically, past their 'sell
by' date, and leaky. The waste disposable problem is appalling because there
is still no real disposal. Instead, countries with nuclear reactors can do no
more than store increasing amounts of the world's most toxic waste, handing
this dangerous problem on to countless future generations.
However
the industry is not sitting still. Various new nuclear plants are more reliable,
although very expensive and building them is a lengthy process. Moreover, there
is still no solution to the nuclear waste problem, although Bill
Gates and others are working on it. Worryingly, some scientists say it will
be impossible to render waste from nuclear power stations harmless. I lack the
knowledge to know if they are right, but that pessimistic view does not sound
very scientific to me.
Meanwhile,
nuclear power has been further sidelined by the two biggest energy developments
of recent years: 1) commercially viable fracking for oil and especially natural
gas; 2) rapid developments in solar technology which are making it increasingly
competitive and also appealing as the most effective renewable technology.