Niger, a significant player in the global uranium market, recently took the bold step of raising the uranium price from €0.80/kg to €200/kg, the Spectacle reported.
This price increase has serious implications for Niger’s economy, international relations and the global uranium market.
France, historically a main buyer of Niger’s uranium, has always had a major influence on the pricing of uranium from Niger. So taking advantage of such influence, it was getting a ridiculously low price.
Thus, Niger has suffered for years from a shockingly undervalued price of only €0.8 per kilogram, meanwhile the price of uranium from Canada was the same €200 per kilogram.