Uranium–uranium dating
U, with a half-life of about 4.5 billion years, decays to U through emission of an alpha particle to thorium-234 (Th), which is comparatively unstable with a half-life of just 24 days. Th then decays through beta particle emission to protactinium-234 (Pa)). This decays with a half-life of 6.7 hours, again through emission of a beta particle, to U. This isotope has a half-life of about 245,000 years. The next decay product, thorium-230 (Th), has a half-life of about 75,000 years and is used in the uranium-thorium technique. Although analytically simpler, in practice U/U requires knowledge of the ratio at the time the material under study was formed and is generally used only for samples older than the ca. 450,000 year upper limit of the Th/U technique. For those materials (principally marine carbonates) for which these conditions apply, it remains a superior technique.
Economics of nuclear power plants
According to the World Nuclear Association, "the world's present measured resources of uranium (5.7 Mt) in the cost category less than three times present spot prices and used only in conventional reactors, are enough to last for about 90 years. This represents a higher level of assured resources than is normal for most minerals. Further exploration and higher prices will certainly, on the basis of present geological knowledge, yield further resources as present ones are used up." The amount of uranium present in all currently known conventional reserves alone (excluding the huge quantities of currently-uneconomical uranium present in "unconventional" reserves such as phosphate/phosphorite deposits, seawater, and other sources) is enough to last over 200 years at current consumption rates. Fuel efficiency in conventional reactors has increased over time. Additionally, since 2000, 12–15% of world uranium requirements have been met by the dilution of highly enriched weapons-grade uranium from the decommissioning of nuclear weapons and related military stockpiles with depleted uranium, natural uranium, or partially-enriched uranium sources to produce low-enriched uranium for use in commercial power reactors. Similar efforts have been utilizing weapons-grade plutonium to produce mixed oxide (MOX) fuel, which is also produced from reprocessing used fuel. Other components of used fuel are currently less commonly utilized, but have a substantial capacity for reuse, especially so in next-generation fast neutron reactors. Over 35 European reactors are licensed to use MOX fuel, as well as Russian and American nuclear plants. Reprocessing of used fuel increases utilization by approximately 30%, while the widespread use of fast breeder reactors would allow for an increase of "50-fold or more" in utilization.