Niger Raises Uranium Price, Impacting French Imports

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Researched by Industrial Info Resources (Sugar Land, Texas)--The military government of Niger has made a significant adjustment to the uranium pricing structure it maintains with France. As reported in The Spectacle, Niger, a prominent player in the global uranium market, has opted to raise the price of uranium from 0.80 euros (US$.85) per kilogram (kg) to 200 euros (US$213.6) per kilogram.

According to data from the World Nuclear Association (WNA), Niger ranks as the world's seventh-largest uranium producer and stood as the second-largest supplier of natural uranium to the European Union in 2022. This strategic decision is anticipated to provide a significant economic boost to Niger while also influencing the global uranium market.

France, historically the primary purchaser of uranium from Niger, had been acquiring uranium from the nation at the rate of 0.80 euros (US$.85) per kg. Ironically, France has simultaneously been purchasing similar uranium from Canada at a rate of 200 euros (US$213.6) per kg.

Industrial Info is tracking five uranium mining projects in Niger, worth US$732 million. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a list.

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