One important thing to notice is that uranium is a finite non-renewable resource. The Red Book says there are about 3.3 million tons that are extractable for a price of 130 USD/ton. In 2017 the total uranium production was 60.000 tons. Thats about 55 years of uranium left at the current production rate. The Red Book assumes there are another 2.1 million tons likely to exist from geological data, but not found yet and another 4.8 million tons assumed to exist but yet to be discovered.
Now imagine that nuclear power production would be greatly increased. How many years of uranium supply would we have left?
Now imagine that nuclear power production would be greatly increased. How many years of uranium supply would we have left?
https://en.wikipedia.org/wiki/Uranium_market https://en.wikipedia.org/wiki/Peak_uranium