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 […]
Click here to view original web page at www.namibian.com.na
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