Uranium marketThe uranium market, like all commodity markets, has a history of volatility, moving with the standard forces of supply and demand as well as geopolitical pressures. It has also evolved particularities of its own in response to the unique nature and use of uranium. Historically, uranium has been mined in countries willing to export, including Australia and Canada. However, countries now responsible for more than 50% of the world’s uranium production include Kazakhstan, Namibia, Niger, and Uzbekistan.
Liquid metal cooled reactorA liquid metal cooled nuclear reactor, or LMR is a type of nuclear reactor where the primary coolant is a liquid metal. Liquid metal cooled reactors were first adapted for breeder reactor power generation. They have also been used to power nuclear submarines. Due to their high thermal conductivity, metal coolants remove heat effectively, enabling high power density. This makes them attractive in situations where size and weight are at a premium, like on ships and submarines.
Nuclear decommissioningNuclear decommissioning is the process leading to the irreversible complete or partial closure of a nuclear facility, usually a nuclear reactor, with the ultimate aim at termination of the operating licence. The process usually runs according to a decommissioning plan, including the whole or partial dismantling and decontamination of the facility, ideally resulting in restoration of the environment up to greenfield status. The decommissioning plan is fulfilled when the approved end state of the facility has been reached.
Natural nuclear fission reactorA natural nuclear fission reactor is a uranium deposit where self-sustaining nuclear chain reactions occur. The conditions under which a natural nuclear reactor could exist had been predicted in 1956 by Paul Kuroda. The remnants of an extinct or fossil nuclear fission reactor, where self-sustaining nuclear reactions have occurred in the past, can be verified by analysis of isotope ratios of uranium and of the fission products (and the stable daughter nuclides of those fission products).
Uranium-235Uranium-235 (235U or U-235) is an isotope of uranium making up about 0.72% of natural uranium. Unlike the predominant isotope uranium-238, it is fissile, i.e., it can sustain a nuclear chain reaction. It is the only fissile isotope that exists in nature as a primordial nuclide. Uranium-235 has a half-life of 703.8 million years. It was discovered in 1935 by Arthur Jeffrey Dempster. Its fission cross section for slow thermal neutrons is about 584.3±1 barns. For fast neutrons it is on the order of 1 barn.
Control rodControl rods are used in nuclear reactors to control the rate of fission of the nuclear fuel – uranium or plutonium. Their compositions include chemical elements such as boron, cadmium, silver, hafnium, or indium, that are capable of absorbing many neutrons without themselves decaying. These elements have different neutron capture cross sections for neutrons of various energies. Boiling water reactors (BWR), pressurized water reactors (PWR), and heavy-water reactors (HWR) operate with thermal neutrons, while breeder reactors operate with fast neutrons.
Uranium-238Uranium-238 (238U or U-238) is the most common isotope of uranium found in nature, with a relative abundance of 99%. Unlike uranium-235, it is non-fissile, which means it cannot sustain a chain reaction in a thermal-neutron reactor. However, it is fissionable by fast neutrons, and is fertile, meaning it can be transmuted to fissile plutonium-239. 238U cannot support a chain reaction because inelastic scattering reduces neutron energy below the range where fast fission of one or more next-generation nuclei is probable.
Uranium miningUranium mining is the process of extraction of uranium ore from the ground. Over 50 thousand tons of uranium were produced in 2019. Kazakhstan, Canada, and Australia were the top three uranium producers, respectively, and together account for 68% of world production. Other countries producing more than 1,000 tons per year included Namibia, Niger, Russia, Uzbekistan, the United States, and China. Nearly all of the world's mined uranium is used to power nuclear power plants.
Molten-Salt Reactor ExperimentThe Molten-Salt Reactor Experiment (MSRE) was an experimental molten salt reactor research reactor at the Oak Ridge National Laboratory (ORNL). This technology was researched through the 1960s, the reactor was constructed by 1964, it went critical in 1965, and was operated until 1969. The costs of a cleanup project were estimated at about $130 million. The MSRE was a 7.4 MWth test reactor simulating the neutronic "kernel" of a type of inherently safer epithermal thorium breeder reactor called the liquid fluoride thorium reactor.
Plutonium-240Plutonium-240 ( or Pu-240) is an isotope of plutonium formed when plutonium-239 captures a neutron. The detection of its spontaneous fission led to its discovery in 1944 at Los Alamos and had important consequences for the Manhattan Project. 240Pu undergoes spontaneous fission as a secondary decay mode at a small but significant rate. The presence of 240Pu limits plutonium's use in a nuclear bomb, because the neutron flux from spontaneous fission initiates the chain reaction prematurely, causing an early release of energy that physically disperses the core before full implosion is reached.
