Question: How Much Is Thorium Worth?

How much would it cost to build a thorium reactor?

Generally, it’s believed that $300 million would be enough for small thorium power plant.

We assume a small plant means about 200 MW.

Another way to get a handle on thorium-reactor costs would be to examine the cost of current conventional reactors under construction, such as the Vogtle units in Georgia..

Can I buy thorium?

Thorium is a common element widely distributed across the earth and typically concentrated in the heavy sands which serve as ores for the rare earth metals. Look high, look low and nowhere can a person buy a gram or two of this “common” metal. …

Why Thorium is not used in nuclear reactors?

Thorium as a nuclear fuel. Thorium (Th-232) is not itself fissile and so is not directly usable in a thermal neutron reactor. However, it is ‘fertile’ and upon absorbing a neutron will transmute to uranium-233 (U-233)a, which is an excellent fissile fuel materialb.

Are thorium reactors viable?

Thorium reactors are a different way to generate electricity that could benefit the world. More efficient than their fossil fuel counterparts, safer than a conventional nuclear plant, and generating no carbon emissions as a byproduct, LFTRs are a viable solution for the future of our world’s energy needs.

Does thorium produce waste?

Thorium is three times more abundant in nature than uranium. … Compared to uranium reactors, thorium reactors produce far less waste and the waste that is generated is much less radioactive and much shorter-lived.

Which country has most thorium?

IndiaBoth the IAEA and OECD appear to conclude that India may possess the largest share of world’s thorium deposits. The IAEA’s 2005 report estimates India’s reasonably assured reserves of thorium at 319,000 tonnes, but mentions recent reports of India’s reserves at 650,000 tonnes.

It’s not illegal to own a small amount of thorium metal and it can be obtained in certain processed forms – it used to be in gas lantern mantles for example – but you will require a license if the amounts are large enough or if you plan to make anything out of it.

Is Thorium more expensive than uranium?

Mining thorium is safer and more efficient than mining uranium. Thorium’s ore monazite generally contains higher concentrations of thorium than the percentage of uranium found in its respective ore. This makes thorium a more cost efficient and less environmentally damaging fuel source.

Can thorium be used in nuclear weapons?

Although some wonder if thorium can be used in nuclear weapons and are concerned about the possibility of a thorium bomb, thorium actually can’t be weaponized because it doesn’t produce enough recoverable plutonium, which is required for building nuclear weapons.

How much thorium is needed to power the world?

In 2003, it was estimated that the world produced 16.5 trllion kilowatt-hours of electricity. If this had all been produced by liquid-fluoride thorium reactors, this would have required 1500 metric tonnes of thorium. Future energy projections foresee electrical production reaching 21.4 trillion kilowatt-hours by 2015.

What is the problem with thorium reactors?

The uranium 233 produced in thorium reactors is contaminated with uranium 232, which is produced through several different neutron absorption pathways. Uranium 232 has a half-life of 68.9 years, and its daughter radionuclides emit intense, highly penetrating gamma rays that make the material difficult to handle.

Why Thorium is a bad idea?

Irradiated Thorium is more dangerously radioactive in the short term. The Th-U cycle invariably produces some U-232, which decays to Tl-208, which has a 2.6 MeV gamma ray decay mode. Bi-212 also causes problems. These gamma rays are very hard to shield, requiring more expensive spent fuel handling and/or reprocessing.