Does Europe need Niger’s uranium?

Niger’s greatest treasure lies underground: uranium is the most important commodity in the Sahel state. But coup plotters have been in charge for just over a month, fueling fears that the uranium supply to global markets is in jeopardy.

France, the former colonial power in Niger, is in a particularly tight spot. Around two-thirds of its electricity comes from nuclear power plants that are powered by uranium sourced in Niger. It also exports electricity to other countries in Europe that have no nuclear plants of their own. Dealings with France ‘unequal’

In the wake of the coup on July 26, both the economic cooperation and military partnerships between the two countries are on the line.

Niger’s new military junta, under General Abdourahamane Tiani, has signaled it is tired of France.When it took power, the junta ordered a halt to uranium exports and later gave the French envoy 48 hours to leave. […]

Click here to view original web page at www.msn.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.