On The Foreign Scene
The price of uranium has risen only slightly since the military coup in Niger last week as mining operations have continued in the world’s seventh largest producer of the radioactive metal, but a consultancy said prices may rise in coming weeks.
According to market research firm and consultancy UxC on Tuesday., the spot price of uranium, widely used for nuclear energy and treating cancer, crept up to $56.25 a pound on Monday from $56.15 a week earlier.
French nuclear fuels company Orano, which operates uranium mines in the West African country, said last week its activities were ongoing despite the coup.
Orano reiterated on Tuesday that operational activities continued despite plans by France to evacuate its citizens, saying 99% of its staff in the country were Nigerien nationals.
