Abstract
Thorium (Th) is increasingly considered a promising fertile material for sustainable nuclear energy—which is not fissile itself, but convertible to fissile 233U—particularly as a by-product of rare earth element (REE) processing. This study develops a parametric techno-economic assessment (TEA) framework synthesizing published data from China, Russia, the USA, India, and Europe to establish the methodological foundation for evaluating thorium recovery economics from monazite ores and REE tailings under Central Asian conditions. Monazite typically contains 4–12% ThO2, while tailings contain 0.1–3%, making secondary resources attractive for future recovery strategies. Particular attention is given to integration with uranium tailings and the application of advanced materials such as nanocomposite sorbents and carbon-based electrodes. Reported production costs of ThO2 range from 50 to 500 USD/kg depending on process scale, feedstock quality, and co-production of REEs. The reviewed studies consistently show that coupling thorium recovery with REE processing improves economic feasibility. Modern approaches, including hybrid technologies and electrosorption systems, may reduce operational costs and improve process efficiency. Despite challenges related to capital investment, market uncertainty, and radioactive waste management, thorium continues to attract growing interest as a potential component of future nuclear fuel cycles and advanced reactor systems, including small modular reactors. To the best of the authors’ knowledge, this is the first parametric TEA framework structured around Central Asian conditions, combining literature-derived regional data, scenario-based process economics, and Monte Carlo sensitivity analysis within a single discounted cash flow structure.