Thorium

Thorium as a Nuclear Fuel
Thorium is gaining attention as a potential nuclear fuel source due to its abundance, improved safety characteristics, and reduced proliferation risks compared to conventional uranium-based fuels. Thorium is the predominant radioactive element prevalent in the monazite ore at Steenkampskraal.
Abundance
Thorium is more abundant in the Earth’s crust than uranium, making it an attractive alternative for long-term sustainable energy production. Estimates suggest that thorium reserves are several times greater than uranium reserves.
Safety
One of the key advantages of thorium-based nuclear fuel is its improved safety characteristics. Thorium reactors operate at lower pressures and temperatures compared to conventional uranium reactors, reducing the risk of accidents and mitigating the potential for catastrophic events like meltdowns.
Reduced Proliferation Risks
Unlike uranium, thorium cannot be directly used to produce nuclear weapons-grade material. This inherent proliferation resistance makes thorium-based nuclear energy systems potentially less attractive for weaponization, enhancing global security.
Waste Reduction
Thorium reactors have the potential to produce significantly less long-lived radioactive waste compared to conventional uranium reactors. This is due to the efficient use of thorium fuel and the generation of fewer transuranic elements during the nuclear fission process.
Fuel Efficiency
Thorium-based nuclear fuel offers higher fuel efficiency and burn-up rates compared to uranium-based fuels. This means that a greater percentage of the thorium fuel is consumed during the reactor operation, resulting in less waste and longer intervals between refuelling.
Potential Reactor Designs
Several reactor designs have been proposed for thorium-based nuclear energy systems, including molten salt reactors (MSRs) and accelerator-driven systems. These designs offer unique advantages such as inherent safety features, online refuelling capabilities, and flexibility in fuel cycles.
Challenges and Research Needs
Despite its promise, thorium-based nuclear energy is still in the research and development phase. Significant challenges remain, including the development of suitable reactor technologies, fuel fabrication processes, and regulatory frameworks. Research efforts are ongoing to address these challenges and demonstrate the feasibility of thorium-based nuclear energy on a commercial scale.
Global Interest
Several countries, including India, China, and the United States, are actively exploring thorium-based nuclear energy as part of their long-term energy strategies. India, in particular, has made significant investments in thorium reactor research and development, aiming to harness its abundant thorium reserves for energy production.
In summary, thorium holds promise as a sustainable and potentially safer alternative to conventional uranium-based nuclear energy. While significant research and development efforts are still needed to realize its full potential, thorium-based nuclear energy could play a crucial role in meeting future energy demands while addressing safety, proliferation, and waste management concerns.
Targeted Alpha Therapy in Cancer Treatment
Radium-228 is the parent isotope for Thorium-228 which in turn is the parent isotope for injectable Lead-212 used in anti-cancer drugs. As the call for Lead-212 oncology doses climbs, so does demand for Thorium-228, and in turn for Radium-228.
Fast growing novel market for cancer treatment.
The radiotherapeutics market is expected to grow significantly in the coming years and reach close to USD 20bn by 2030. Radionuclide therapy based on alpha emitters is a promising technology for cancer treatment. However, alpha emitters are in short supply and the current production processes are dependent on irradiation, which is expensive and complex.
Investigations are underway to potentially produce Radium-228 from Thorium which would be generated from phase 2 of the planned processing strategy at Steenkampskraal, where Thorium will be cracked from the Monazite concentrate.