Falling prices and rich deposits that have opened up in other countries have made times hard for Niger’s uranium mines Niamey (Niger) (AFP) – Prospects for the world’s nuclear industry have been boosted by the war in Ukraine and mounting hostility towards climate-wrecking fossil fuels — but Niger, one of the world’s biggest sources of uranium, has yet to feel the improvement.
The deeply impoverished landlocked Sahel state is a major supplier of uranium to the European Union, accounting for a fifth of its supplies, and is especially important to France, its former colonial power.
But its mining industry is in the doldrums.
"Over the past few years, the uranium industry worldwide has been marked by a trend of continuously falling prices," Mining Minister Yacouba Hadizatou Ousseini told AFP in an interview.She blamed "pressure from ecologists" after the 2011 Fukushima nuclear accident in Japan, but also the emergence of "particularly rich deposits" […]
- 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 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