this post was submitted on 22 Nov 2024
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[–] AwesomeLowlander 9 points 3 days ago* (last edited 3 days ago) (1 children)

Dude. Read the rest of your source.

Thus, any predictions of the future availability of any mineral, including uranium, which are based on current cost and price data, as well as current geological knowledge, are likely to prove extremely conservative

In recent years there has been persistent misunderstanding and misrepresentation of the abundance of mineral resources, with the assertion that the world is in danger of actually running out of many mineral resources. While congenial to common sense if the scale of the Earth's crust is ignored, it lacks empirical support in the trend of practically all mineral commodity prices and published resource figures over the long term. In recent years some have promoted the view that limited supplies of natural uranium are the Achilles heel of nuclear power as the sector contemplates a larger contribution to future clean energy, notwithstanding the small amount of it required to provide very large amounts of energy.

Of course the resources of the earth are indeed finite, but three observations need to be made: first, the limits of the supply of resources are so far away that the truism has no practical meaning. Second, many of the resources concerned are either renewable or recyclable (energy minerals and zinc are the main exceptions, though the recycling potential of many materials is limited in practice by the energy and other costs involved). Third, available reserves of 'non-renewable' resources are constantly being renewed, mostly faster than they are used.

Literally half the page you linked discusses how we're not going to run out of resources anytime soon.

Known reserves are sufficient for 90 years because nobody wants to bother with further prospecting when supply hugely exceeds demand.