SEARCH BLOG: ENERGY
The CBS show 60 Minutes ran this episode about "cold fusion"... something that hit the headlines a couple of decades ago and then disappeared.
Still a long way off, but here the issue is the rarity of palladium which is central to this process. Presently, there is sufficient palladium to meet world demand; in fact, palladium is in surplus.
But if you really look at the numbers and the sources... Russia accounts for 50% of the world's supply... you can see the issue:
Nickel output is expected to fall to 298,000 tonnes this year from previously planned 300,000-305,000 tonnes, and palladium output to 2.764 million ounces from the earlier forecast 3.00-3.05 million ounces.
In 2009, Norilsk expects to produce 290,000-305,000 tonnes of nickel and 2.610-2.625 million ounces of palladium, it said in a presentation on its web site www.nornik.ru.
- 3 million ounces
- 187,500 lbs.
- 94 tons
If this "nuclear activity" became a commercially viable process, there just doesn't seem to be enough palladium available to make it an economically practical process for widespread application. How many tons of palladium for one power plant?
It appears that the "CO2 free lunch" might not be so free.