Thorium is one of the five abundant,
long-lived, naturally-occurring
radioactive elements in the Earth’s
crust. The others are
potassium, radon, radium, and uranium. There are several
other naturally-occurring
radioactive elements but they
are rare and/or have short half-lifes.
Potassium,
thorium, and uranium are the important internal
fuels that cause the Earth’s
interior to be hot,
magmas and volcanoes to exist,
the crust to float on the
mantle, tectonic plates
to move, the outer iron core to be liquid,
and the inner iron core to be solid.
Radioactive decay of these
elements into radionuclides allows the Earth to be a dynamic planet. There are about
340 naturally occurring radionuclides, more than 60 are
radioactive, and as they decay,
energy is released that fuels the Earth.
Without radioactivity,
our world would be dead as the moon, a barren rock with no ocean or atmosphere.
Radioactivity also fuels
modern society. Approximately 14% of the world’s electricity is generated by radioactive
fuel. This fuel is mostly
low-enriched uranium (U235).
Therefore, I must conclude
that radioactivity is a very good thing.
Back to the subject at hand: I recently spoke at the Cambridge House World Resource Investment
Conference and on Mercenary Musings
Radio about thorium and its prospects for
future use in nuclear power plants. Since then I’ve
had several subscribers request that I put my thoughts on the subject to paper.
Thorium is a silvery-white
metal that was discovered in 1828 in the mineral
monazite, a rare earth-thorium phosphate. It is one of the heaviest elements at number
90 on the periodic table, two
spots below uranium. Thorium is
a relatively common element at 15 ppm in the Earth’s crust, which is three
times the abundance of uranium. It consists almost entirely of one isotope, Th232, with an extremely long half-life of 14 billion years,
about the age of the universe.
In 1898 Madam
Curie discovered thorium is
radioactive and emits alpha particles,
the least penetrative decay
product. If you remember high school chemistry, alpha particles are relatively benign and can be stopped by a single sheet of paper.
Thorium was first used in mantles for gas lighting because it is refractory
and creates a bright
white light. Today’s uses also
include magnesium-thorium
alloy, tungsten-thorium
arc welding, carbon arc lamps and spotlights, heat resistant ceramics, and petroleum catalysts. However, the amounts that are used are miniscule, largely because of modern-day concerns about low-level radioactivity and waste disposal. The total value
of thorium used in the United States in 2009 was only
about $150,000.
Simply put: There is
no supply because there is no demand.
Because there is no demand, there is no exploration, development, or mining of
thorium.
Thorium occurs mainly in the mineral monazite, a relatively common rock-forming mineral in alkalic igneous rocks. It also occurs with
uranium in a silicate mineral called
thorite.
Monazite was first mined for its rare earth content in the early 1900s. It is resistant to weathering and is a common
constituent of heavy mineral
sands. Heavy mineral sands are placer deposits formed in beach environments where mineral grains are concentrated because of their high density.
They are strip-mined thru out the world and are especially
important as sources of titanium, zirconium, tin,
niobium, tantalum, and garnet.
Many heavy minerals sands contain significant monazite. After the valuable minerals are recovered, waste products, called “tails”, with concentrated monazite are left behind.
Monazite usually contains between 60 to 65% rare earth elements and 6-12% thorium. Monazite-rich
sands were the world’s main source of REEs
from 1900 until 1954 when the Mountain Pass mine came into production
and historically have produced
all of the world’s thorium.
There are abundant and readily available supplies of monazite-rich
tails in many countries
of the world. But currently monazite is nothing more than waste material.
According to the USGS, world resources
of thorium are as follows:
Thorium has
long been known as a potential
source of nuclear fuel to produce
electricity. The United States government
first built an electricity-only
nuclear reactor in Shippingport, Pennsylvania in 1957 as part of President Eisenhower’s “Atoms
for Peace” initiative. This relatively small reactor ran on thorium from 1977 until decommissioned in 1982.
However, thorium is much different than uranium when used as a nuclear fuel. It is not fissile; meaning it cannot go “critical” and generate a nuclear chain reaction. It must undergo
neutron bombardment to produce
a radionuclide that can sustain a
nuclear reaction. A
thorium-fueled reactor
must be jump-started with a fissile isotope such as
uranium (U235) and/or plutonium (Pu239; Pu241).
Neutron bombardment of thorium results
in this reaction: Th232
+ Neutron = U233.
Uranium233
is a man-made fissile isotope with
a half-life of 160,000 years,
and is well-suited for
use in nuclear reactors. After Th232 is converted, U233 can be unloaded and then fed to the core of another reactor to be used as fuel in a closed cycle.
Alternatively, U233
can be bred from thorium in an outer blanket surrounding a plutonium and/or uranium core, the U233 separated,
and then fed back into the core. These are called
“breeder reactors” because
thorium is the fertile fuel that
breeds a fissile radionuclide.
Radioactive materials are recycled
so there is little waste
left behind.
There are other significant advantages to the use of thorium in nuclear
reactors. The raw material, thorium, is much more abundant than uranium and emits only low-level alpha particles. It has one isotope and therefore,
does not require an enrichment cycle to be used as fuel. It is many times more energy
efficient than uranium.
A thorium reactor produces no plutonium that can be
made into atomic weapons and less longer-lived radionuclides than a uranium-based reactor. Because there is no chain
reaction, there is no chance of a meltdown. Nuclear waste from past operations
that contain fissile
uranium and plutonium can be used as start-up fuel.
There are only a couple of disadvantages:
Fuel fabrication is more difficult
than in a uranium reactor
and the U233 fuel that is bred can be
used to make atomic weapons, albeit with difficulty.
With the obvious advantages thorium presents
over uranium as nuclear fuel, the question becomes why doesn’t
the United States or the world have a thorium-based nuclear power industry? There are two major reasons:
- In the early
days of the atomic age in the late 1940s to early 1950s, thorium, being
much more abundant than uranium, was envisioned as nuclear fuel
to take the place of uranium when limited sources of that metal were depleted. However, prospectors and geologists armed with Geiger counters soon discovered many new, rich uranium deposits in the Western United States. By the
mid-1950s, this incentive
to develop thorium-fueled
reactors disappeared.
- Uranium-fueled
nuclear reactors produce plutonium that can be used
to make atomic bombs. During the Cold War of the mid-1950s, the United States military wanted a steady source of plutonium for its
burgeoning nuclear weapons program and thorium reactors
do not produce plutonium as a by-product.
There
are several types of thorium reactors
and they share these common characteristics compared to conventional uranium reactors: They can operate
at relatively low temperatures, the
infrastructure footprint can
be small, and they are very power dense making them amenable
to size scaling. Types currently
being researched include: Liquid-Fluoride; Light
Water and Heavy Water; Pebble Bed;
and Sodium Fast Reactors.
Countries that have experimented with thorium-fueled reactors in the past include the United States, China, Canada, France,
Germany, Great Britain, Japan,
Russia, Norway, and Sweden. Those with current research, demonstration, or development plans for nuclear
power plants include Brazil,
Canada, China, France, India, Russia,
and the United States. These are not new
technologies but refinement of previous
efforts.
Besides the Shippingport,
Pennsylvania plant, an experimental
molten salt reactor at Oak
Ridge National Laboratory
successfully ran from 1964 until 1969 when Congress cut funding. In what has been called a political move, the US Atomic Energy Commission shut down all
research on liquid-fluoride
reactors in the mid-1970s. The commercial-scale Fort St. Vrain reactor ran on thorium and high-enriched uranium fuel from
1976-1989.
Current domestic
thorium-based reactor research is being
carried out by US-based Lightbridge Corporation, formerly
Thorium Power. Lightbridge is
collaborating with French
and Russian private and government interests to develop commercial thorium-fueled
reactors.
Canada has signed agreements with three Chinese
entities to demonstrate
and develop the use of thorium fuel in their CANDU reactors. Thorium can be used
in most advanced nuclear fuel cycle systems including the newest Generation IV reactors.
Because of its abundant resources of thorium
and domestic lack of
uranium, India has been the only
country with a sustained effort to use thorium in large scale nuclear power generation. Its 20 year goal is to generate 75% of nuclear power from thorium. Used fuel will be reprocessed
to recover fissile material
for recycling.
The World Nuclear Association states that
development of thorium-based
nuclear reactors on a
commercial scale is held back by high fuel
fabrication costs, problems
in recycling thorium and reprocessing
solid fuels, and because
U233 can be
made into weapons.
However, in my
opinion the main reason comes
down to basic economics. The world’s
entire nuclear fleet is founded
on uranium-fueled reactors.
Previous and current investments in time, people, and money to produce cheap electricity from nuclear power are astronomical.
Therefore, even though there are significant safety and environmental advantages, most governments and corporate entities are reluctant to commit the enormous
time, human resources,
and capital required to develop
alternative thorium fueling methods.
Thorium as nuclear fuel is clean and safe and offers significant advantages over
uranium. The technology for several
types of thorium reactors is
proven but still must be developed on a commercial scale. I opine that the world is at least a decade away from
any major commercialization
of thorium nuclear reactors
and that it is likely to happen in India and China.
I also think there
could be a near-term synergy between a rare earth element producer that processes monazite for its REE
content and consigns the thorium to a government or private entity seeking a source of
thorium for nuclear fuel.
Perhaps the most promising niche for thorium-fueled
electrical power is in small modular reactors designed for remote locations.
In my opinion, thorium will supplement base load electrical generation within the next decade or so but it will not replace uranium-fueled nuclear power in our lifetimes.
Like it or not,
folks, burning uranium to make
the light switch work is not going away anytime soon. With that
in mind, I suggest you pick your
speculations carefully.
Mickey Fulp
The Mercenary Geologist
Miningcompanyreport.com
The Mercenary
Geologist Michael S.
“Mickey” Fulp is a Certified
Professional Geologist with a B.Sc. Earth Sciences with honor from the
University of Tulsa, and M.Sc. Geology from the University of New Mexico.
Mickey has 30 years experience as an exploration geologist searching for
economic deposits of base and precious metals, industrial minerals, coal,
uranium, and water in North and South America and China.
Mickey has worked for junior explorers, major mining companies, private
companies, and investors as a consulting economic geologist for the past 22
years, specializing in geological mapping and property evaluation. In
addition to Mickey’s professional credentials and experience, he is
high-altitude proficient and is bilingual in English and Spanish. From 2003
to 2006, Mickey made four outcrop ore discoveries in Peru, Nevada, Chile, and
British Columbia.
Mickey is well known throughout the mining and exploration community for his
ongoing work as an analyst for public and private companies, investment
funds, newsletter and website writers, private investors, and brokers.
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