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According to a Swedish report, uranium is sustainable energy resource


January 18, 2005

A new report, published by The Analysis Group in Sweden, contends that uranium has an important role to play in the sustainable development of future energy sources. According to it, nuclear power costs are stable in the long term, even in the event of substantial price rises for uranium, since uranium makes up only a very small fraction of the overall cost of nuclear power.

The economically viable uranium reserves with concentrations of at least 0.1% uranium would last for 50 years at the present rate of use. A doubling of this price "would increase reserves to hundreds years".