US uranium stockpile plan can benefit Namibia

US uranium stockpile plan can benefit Namibia

IF Namibia positions itself well, the US government’s strategic stockpile effort passed last December can benefit the country by opening a new market, and therefore selling opportunities for all Namibian uranium producers and explorers.

Namibia exported uranium mainly to China and France, and a smaller share to the United States over the last five years, according to the Chamber of Mines Namibia.

“Since there is already a gap between global supply and demand, this additional demand could also drive the uranium price [up],” Gabi Schneider, the executive director of the Namibian Uranium Institute, says in light of the US government’s plan to establish a national uranium strategic reserve.

The new plan excludes any Chinese or Russian company’s involvement in supplying uranium to the stockpile, which is good news for Namibia.But Schneider is cautious.“First of all, it needs to be seen how the new (Biden) administration deals with the issue. Nevertheless, it […]

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