Prices for uranium and its processing continued to rise in 2023, reaching almost historical records, mainly due to the end of supplies from Russia and the recent military coup in Niger, West Africa. Rebels who seized power in Niger no longer allow uranium to be exported from the Orano deposits in the north of the country.
On July 26, soldiers from Niger’s presidential guard deposed President Mohamed Bazoum and closed the country’s borders. The BBC is reporting that military chiefs from the West African regional bloc Ecowas are currently meeting in the Ghanaian capital, Accra, to discuss the deployment of a standby force for possible military intervention to restore democracy in Niger.
Orano SA is a multinational nuclear fuel cycle company headquartered in Châtillon, Hauts-de-Seine, France that is owned by Areva, Mitsubishi Heavy Industries, Ltd. and Japan Nuclear Fuel Limited. Niger covers a quarter of uranium demand in the EU […]
Click here to view original web page at resourceworld.com
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments