Uranium mine production has not met annual nuclear fuel demand for the past 25 years. Although mine production has been closing this gaping supply deficit, a substantial shortfall still exists between mined uranium and reactor demand.
Since 1993, the Russian-USA “Megatons to Megawatts” program has mostly filled that shortfall, supplying about 9000 tonnes of U per year by converting highly-enriched uranium from USSR atomic bombs into low-enriched uranium for nuclear fuel. This uranium has provided 1of 10 Americans with electricity over the past 20 years. However, the last tranche from that agreement was shipped in late November. Read the full article pdf by “The Mercenary Geologist”