The picture of Springfield’s Nuclear Power Plant at the
beginning of my blog is not just for fun! It is there because the main use of
uranium is to fuel nuclear reactors in the production of electricity. Uranium
is an abundant source of concentrated energy; this is illustrated by the
example provided in Emsley (2001) which states that one kilogram of uranium-235
can produce as much energy as 3000 tonnes of coal (assuming complete fission).
Depleted uranium is around 60% more dense than lead and is
used as stabilizers in the keels of yachts and boats and as counterweights in
aircrafts. Depleted uranium is also used for radiation shielding in the
transportation of radioactive materials.
Kazakhstan,
Canada and Australia are the world’s biggest players when it comes to uranium mining,
consistently accounting for around 65% of the world’s total uranium production.
Kazakhstan has shown the greatest growth in uranium mining over the last seven
years, contributing just 6.4% of total production in 2005 compared with 29.4%
in 2011. The graph below clearly shows that worldwide uranium production has
constantly fallen short of world uranium requirements in the last seven years
although the situation seems to be steadily improving. We would have to go all
the way back to 1987 to experience a situation where uranium production was on a par with the demand requirements!
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