Question

Why uranium is called a potential resource

Answer 1

Uranium is called a potential resource when there is no known commercial way to extract it economically. The nuclear industry will often list potential uranium in an effort to avoid the horrible fact that uranium will start to run short in about 2025, and that’s according to the IAEA.

Answer 2

ANSWER:

Uranium is called as a potential resource when there is no existence of well known profit oriented method to extract it in low cost.

EXPLANATION:

• Potential resources are those resources which exist in a region and that can be utilised in the future.
• Uranium deposits located in Ladakh are only seen as a potential resource since the total quantity of the uranium present in Ladakh cannot be ascertained, therefore it is not being utilised.
• It can be used in the impending future with enhanced technology that can facilitate in better exploiting the uranium present in Ladakh.  
• Presently, the technology we have is not sophisticated enough to entirely use it, therefore making uranium deposits in Ladakh only a potential resource .