Niger Raises Uranium Price From €0.80/kg to €200/kg
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Niger Raises Uranium Price From
Niger Raises Uranium Price From €0.80/kg to €200/kg - In a groundbreaking development that signals a seismic shift in the global resource market, Niger, a prominent player in the uranium industry, has reportedly taken a bold step towards securing fair compensation for its invaluable natural resource, uranium. Multiple reports suggest that Niger has substantially increased the price of its uranium, skyrocketing it from a mere €0.80 per kilogram to €200 per kilogram.
This remarkable decision underscores a burgeoning determination among African nations to break free from historical imbalances and demand equitable remuneration for their vital contributions to the global economy.
According to the World Nuclear Association (WNA), Niger is the world's seventh-largest uranium producer. The radioactive metal is the most widely used fuel for nuclear energy. It is also utilised in cancer treatment, naval propulsion, and nuclear weapons. Uranium prices increased slightly in the aftermath of the military coup in Niger that saw the ousting of President Mohamed Bazoum, with many analysts forecasting larger gains in the future. For instance, Ben Godwin, head of analysis at London-based Prism Political Risk Management, said that current events in Niger, which produces about 4 percent of the world’s uranium supply, could be critical to Europe.“It is certainly a topic of great interest in the moment, particularly as uranium markets are very, very tight at the moment,” he said. “Demand has been going up over the last few years, and this year, we’ve seen the uranium spot price go up by nearly 40 percent year to date.”
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This remarkable decision underscores a burgeoning determination among African nations to break free from historical imbalances and demand equitable remuneration for their vital contributions to the global economy.
According to the World Nuclear Association (WNA), Niger is the world's seventh-largest uranium producer. The radioactive metal is the most widely used fuel for nuclear energy. It is also utilised in cancer treatment, naval propulsion, and nuclear weapons. Uranium prices increased slightly in the aftermath of the military coup in Niger that saw the ousting of President Mohamed Bazoum, with many analysts forecasting larger gains in the future. For instance, Ben Godwin, head of analysis at London-based Prism Political Risk Management, said that current events in Niger, which produces about 4 percent of the world’s uranium supply, could be critical to Europe.“It is certainly a topic of great interest in the moment, particularly as uranium markets are very, very tight at the moment,” he said. “Demand has been going up over the last few years, and this year, we’ve seen the uranium spot price go up by nearly 40 percent year to date.”
▬▬▬▬▬▬▬▬▬
✅SUPPORT US /AFFILIATE LINKS
Use this affiliate link for your purchases at #MIZIZI International -
https://bit.ly/3hajEY9
Support our channel -
PayPal: newafricachannel(at)outlook.com
Follow us on Instagram - Instagram: thenewafricachannel
Follow us on Twitter - Twitter: TheNewAfricaCh1
Join us on Facebook - Facebook: thenew.africachannel.3
▬▬▬▬▬▬▬▬▬
✅COPYRIGHT DISCLAIMER
The New Africa Channel doesn't fully own some of the materials compiled in its videos. It belongs to people or organizations who ought to be respected.
If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. "Fair use" is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research.
✅ If you are the owner of the materials used in this video, contact us, and we will follow your request immediately: info(at)thenewafricachannel.com
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✅COMMENTING POLICY
Keep your comments and posts appropriate, helpful, and relevant. Any offensive, disrespectful, harmful, threatening, vulgar, obscene, or inappropriate content will be removed immediately. Spamming, vandalizing, promoting, and advertising are also not allowed. While we encourage free speech and open discussion, attacking or harassing other users is not tolerated. Repeat violators of this policy will be reported and may face a ban.
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#AfricaNews #TopAfricaNews #News #NewsAfrica #AfricaNews
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