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Thorium: A Major Shift In Mining Uranium

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As far as the technological change goes, there is no indication of a major shift in the processes of mining uranium, but there is a new element that has the potential to change the entire market on a long run scale. The element is called Thorium, and is a naturally occurring element about three times more abundant than uranium. (Uranium Mining Overview." World Nuclear Association) What makes thorium so special is that, if estimates are correct, 1 ton of mined thorium can produce as much energy as 200 tons of mined uranium. ("Thorium." Chemicool Periodic Table.) The difference in the level of output when compared to uranium comes from the fact that uranium-238 is not fissile, and thorium is. Thorium is also expected to lose its’ harmful radioactivity

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