But sure, nuclear power is not something that would work for every nation on earth. But it would certainly work well for North America and the EU, as well as China, India, Australia, and Japan, which together account for the majority of the world's energy needs.
This also ignores the rest of the intended refinement chain: thorium and other reactor fuel sources.
Aka, those 50m t of ore globally work out to around 0.5-1m t of fuel though we’re extracting the cheapest stuff first so expect prices to rise well before you extract all of it. There are also options to extract vastly more energy from that same ore, but again they all make nuclear more expensive.
Light-water reactors, which are the more/most prevalent design. Heavy-water reactors, like CANDUs, can use non-processed uranium in 'natural' concentrations:
* https://energyeducation.ca/encyclopedia/CANDU_reactor
* https://en.wikipedia.org/wiki/CANDU_reactor#Purpose_of_using...
The heavy-water is deuterium oxide, where there "hydrogen" atom has one proton and one neutron, whereas the far more common hydrogen has no neutrons in the nucleus:
They do use up to 30% less mined uranium as your link points out, but also produce a lot more high level nuclear waste.
On the other hand, breeder reactors don't necessarily make weapons-grade material. The Integral Fast Reactor in the US produced a mix of four plutonium isotopes, which was totally unsuitable for weapons, and harder to enrich to weapons-grade than natural uranium.
Using breeders multiplies the energy from uranium ore by a factor of a hundred. With such low fuel consumption, it also makes seawater extraction pretty easy, which extends our fuel supply to many millions of years.
I feel like this has been absent in many pro-nuclear arguments (I always assumed we had much more)
The other fuel used would be plutonium and thorium, I believe. My understanding (not a nuclear scientist) is that there's a cycle of enrichment and decay that produces more fissile materials than it consumes.
Interestingly, from my perusal of wikipedia, it seems like you effectively can recycle the uranium isotopes indefinitely in such a reactor, as well as generating fissile plutonium and thorium.
Again, the problem is that generating fissile plutonium is how you make a bomb
China is leading the way, both in terms of adding coal capacity right now to address the power outages while also building out nuclear capacity for the future.
The ability to act rationally like this when popular movements turn irrational is one advantage of an authoritarian system. No doubt many in the west are looking somewhat enviously at China.
So, the Chinese are spending way more money than they should on building super duper expensive coal plants that can’t effectively run on the kind of coal that they can get. And they have a coal embargo against Australia, so they can’t import the stuff that they could actually burn effectively.
Meanwhile, solar panels have continued to get progressively less expensive, so that even in China, it is now cheaper to run solar panels than it is to burn coal.
Increased uranium prices will not significantly affect energy cost, as fuel price is very small fraction of nuclear plant operation.
These days there are ways of getting uranium from sea water [1], basically making the supply practically limitless. This way is currently un-economical, but as current reserves are depleting, it will become viable option as well. (Along with researching for more reserves)
So yes, it was totally possible to decarbonise electricity production long ago.
[1] https://www.forbes.com/sites/jamesconca/2016/07/01/uranium-s...
Breeder reactors can make fuel during use.
We only need enough fuel for one reactor.
That seems like plenty of time to
a) build renewables
b) figure out fusion
c) discover/make accessible more uranium just like we did with oil
[1] https://cen.acs.org/materials/Fishing-uranium-ocean-spider-s...
Nuclear fuel can increase during use. Running out isn't required, the way it is with consumable fuel
It's not a technical problem (solution is well known), it's a policy problem.