Comment Re:Hooray for fusion! (Score 4, Interesting) 140
Although having 72 percent of the world's known boron reserves and being the biggest producer of boron in the world, Turkey has no monopoly on the global boron market. Total boron reserves in the world amount to as much as 4 billion tons. But the amount of boron minerals used as chemicals in industry is no more than 4 million tons a year. This means boron reserves, even when excluding Turkey's supply, are adequate to provide the world with enough boron minerals for almost 300 years.
Going a step further, it looks like Turkey's deposits account for at least 2.88 billion tons of the total 4 billion tons in reserves around the world...definitely enough to keep us running for a while. Considering that we're already using 4 million tons a year for other industry and accounting for future growth (let's throw a random number at it and say 150% for a total of 10 million tons a year), then adding the current power requirements of the world, we get 10.0008 million tons a year of usage. Even using those numbers (and the 80% extraction rate), we're at 319.97 years of boron resources left.
And shitballs...looking at Eti Maden's site, I just found the following that makes me wonder about my previous source:
In the world, Turkey, USA and Russia have the important boron mines. In terms of total reserve basis, Turkey has a share of %72.20, the other important country USA is %6.8.
Total world boron reserves on the basis of B2O3 content are 369 million tons proven. 807 million tones probable and possible, as a total of 1,176 million tons. With a share of %72.20, Turkey has a total boron reserves of 851 million tons on the basis of B2O3 content
I don't know if the first article is believable or not so I'll just say that we have between 94.07 and 319.97 years of power and industry in Boron...which isn't amazing but it isn't bad either.