* current world volumes of annual unburned nuclear material would take up the area of a football pitch to a height of 10 metres, a policy of central storage followed by reprocessing would reduce this to take up just “one end zone” at the same height, according to GE-Hitachi Nuclear Energy CEO Jack Fuller
* Fuller said the USA “ought to go to recycling.” The industry chief said he would soon tell secretary of energy Stephen Chu, “Don’t go to reprocessing, go straight to recycling.” The difference being an intermediate step where separated plutonium is stored
* Reprocessing was banned by Jimmy Carter in the hope that others would follow that example but France, UK, Japan and Russia all reprocess. China, South Korea, Ukraine and India are all heading towards reprocess or recycling uranium
2. Namibia’s uranium output is expected to rise to around 52 million pounds of yellow cake by 2015 from 12 million (if uranium prices do not decline
Namibia’s average uranium operational cost at around $35-40 per pound, compared with an average realised uranium price globally of around $50-55 per pound. Spot uranium on Wednesday stood at $41.50 per pound, down from a record around $136 in June 2007. The long term price was trading at $65 a pound in March. Namibia’s uranium exports earned the country 6.45 billion Namibian dollars in 2008, up nearly 55 percent from the previous year, and boosted Namibia’s GDP by 6.2 percent during that same year. Global uranium demand expected to nearly double to 133,000 tonnes by 2030
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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