According to the International Energy Agency, global energy consumption could see an increase of up to 18% by 2030 and 39% by 2050. This will increase the demand for various sources of energy — including nuclear power, and therefore uranium.
Ensuring a sustainable supply of uranium in coming decades was at the heart of discussions at the week-long International Symposium on Uranium Raw Material for the Nuclear Fuel Cycle: Exploration, Mining, Production, Supply and Demand, Economics and Environmental Issues (URAM-2018), which wrapped up today at IAEA headquarters in Vienna.
“As new power reactors come online and others are retired, proper supply and management of uranium will be a critical factor in energy supply in the coming decades,” said Adrienne Hanly, uranium resources specialist at the IAEA. “Uranium-based fuel is expected to remain a basic, reliable source for low-carbon nuclear power. How we utilize this fuel will greatly depend on the development of new technologies and strategies for sustainable resource management.”
Even under the IAEA’s low case prediction for the future of nuclear power — which would see nuclear energy’s share fall from today’s 11% of the energy market to just 6% by 2050 — nuclear electrical generating capacity would increase by 24%. Under the high case scenario, nuclear power would see a 2.8-fold increase, and nuclear energy’s share of the global energy market would increase to 13.7% by 2050.
As new nuclear power technologies mature, in some cases requiring less uranium or using today’s nuclear waste as fuel, increase in nuclear power generation does not necessarily mean a proportional increase in the demand for mined uranium. But that demand is expected to rise nonetheless.
How will the industry meet this growth in demand? While there are enough uranium resources accessible with current mining practices for at least 100 years, research is underway to identify different methods for tapping into the world’s uranium resources.
Uranium from the sea
One such method consists of extracting uranium from seawater, which contains more than four billion tonnes of dissolved uranium — far outweighing the volume of reasonably assured supply from mining activities on land. Extraction from the sea also promises to be an environmentally friendly and sustainable way to supplement the global uranium supply.
Extracting usable quantities of uranium from seawater is theoretically simpler than from ore. The uranium found in seawater is created by steady chemical reactions between the water and rocks that contain uranium. And when uranium is taken from the seawater, the same amount later leaches from the rocks to replace it. Success in this research would mean a virtually unlimited supply.
Using uranium more efficiently
In addition to exploring new technologies for obtaining more uranium, the nuclear energy industry will have to examine practices in resource management to ensure sustainability, Hanly said. The IAEA has been working with the United Nations Economic Commission for Europe (UNECE) in recent years to address issues in resource management, including socioeconomic viability, technological feasibility, and confidence in estimates.
“Uranium has to be seen as a low-carbon fuel that can help realize many of the United Nations Sustainable Development Goals and climate commitments,” said Harikrishnan Tulsidas, Economic Affairs Officer at UNECE. “New technologies will have a critical role to play in making uranium production sustainable.”
Original source: IAEA
Published on 29 June 2018
