Which African Countries Could Benefit From Rise of Uranium Prices?

13:33, 21 January 2024
CC BY 2.0 / Nuclear Regulatory Commission / Yellow Cake Uranium
The price of a pound of uranium on the spot market reached $100 on January 18, a level not seen since 2007, reports say. This comes shortly after Kazakhstan announced the decline of the production of this metal in 2024.
Sputnik
According to the Ecofin Pro platform, these African producers could benefit from the rise in uranium prices, which reportedly reached $100 on January 18:
Namibia;
Niger;
South Africa;
Malawi;
Mauritania.
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In late November 2023, the price of this essential element for nuclear energy, reportedly crossed the bar of $80 per pound, a record for 15 years. At the beginning of last year, this metal cost $45, reports say.
The world's major uranium producers are Kazakhstan, Canada, Namibia and Australia.
KazakhstanNamibiaNigerSouth AfricaMalawiMauritaniapriceseconomy