Niger, a significant player in the global uranium market, recently took the bold step of raising the price of uranium from 0.80 euros/kg to 200 euros/kg, Spectakl reported.

This price increase has serious implications for Niger’s economy, international relations and the global uranium market.

France, historically the main buyer of Niger’s uranium, has always had a major influence on Niger’s uranium prices. So, using that kind of influence, it got a ridiculously low price.

Thus, Niger suffered for years from a shockingly underestimated price of only 0.8 euros per kilogram , while the price of uranium from Canada was 200 euros per kilogram.

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