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> Global reserves are around 6 million tons, with estimates putting potential reserves around double that

In the mining industry reserves are a technical term. They can be proven, probable, likely, etc. qualifying a deposit as a reserve of a certain grade costs money. Reserves are used as colateral for secured financing, so in some cases the cost is justified. But if the sum of reserves is about 100 years of current consumption (our case here), mining companies will not spend one dollar more to certify new reserves.

For all practical purposes, uranium is an inexhaustible fuel, even if we never develop fast reactors.

global reserves are much higher. Anything above 100ppm can be extracted more or less economically. That's a ton of stuff even without purex/pyroprocessing/fast reactors or seawater

Seawater extraction is already comparable to most expensive land mines looking at China so it's no longer prohibitively expensive. India is moving fast with it's Thorium design https://world-nuclear-news.org/articles/first-criticality-fo...

"feel people are doing the exact same thing with nuclear, and probably under the exact same motivation. They are biased towards nuclear and want it to work, and so are either ignoring the issues or assuming/hoping for a future technological breakthrough to resolve them, but as of yet that breakthrough appears nowhere in sight." - France decarbonized in 90s and to this day no country got similar emissions/kwh in similar timeframe with similar or lower hydro resources.

The hopium lies in exactly the opposite way where ppl hope H2 will become dirt cheap and will be used for firming

Remember when the world ran completely out of copper?

The world will not run completely out of copper, be we can expect much higher prices.

"Copper and lithium are major exceptions where expected mined supply from announced projects falls short of projected demand in 2035, with implied deficits of 30% for copper and 40% for lithium"

https://www.iea.org/reports/global-critical-minerals-outlook...

Copper prices may be higher in 2035 but I'll be astonished if lithium prices are. I expect lithium to be much cheaper by then.

Note that we kept extracting copper long after people said we would run out. We even increased production AND lowered prices.

First: I completely agree that extrapolating current ressource use towards a "exhaustion date" is naive, and historically things never worked out that way.

But copper price is still up by >500% since the early 2000s.

If it wasn't clear in my post, the entire point is not that we'd run out, but that it'd become economically unviable. As the supply starts to run out and/or we turn to more expensive sources, prices go up - sharply. We'll never really run out of anything - it will just become so expensive that it's no longer viable for widespread usage. Nuclear is quite sensitive to this issue because the primary, and arguably sole, argument for it is that it's cheap.

Ore is currently about 2% of the capex of a reactor. And many mines globally have lowered production because it's too cheap. Even if you 10x the price of the ore, it'll still be cheap

A few hundred years on thorium then fusion.