Uranium to become pricier in fallout from Niger military coup: experts

A survey and exploration facility of uranium of China National Nuclear Corporation (CNNC) File photo: Courtesy of CNNC The military coup in Niger may push up uranium prices in the near future due to reduced supplies, Chinese experts said on Thursday, but the crisis will have little impact on China, which has achieved a breakthrough in uranium exploration.

Niger’s Defense and Security Forces said on July 26 that soldiers had overthrown President Mohamed Bazoum, hours after he was allegedly held hostage, the Xinhua News Agency reported.

Uranium is the heaviest element that is used in nuclear power, medicine and defense. As the world shifts toward cleaner energy resources and countries pursue carbon neutrality, the competition for uranium will intensify, experts said.

The coup in the West African country, which is rich in uranium, has created uncertainty over market supply.According to data from the Chinese Ministry of Commerce, as of 2020, Niger had […]

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