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Al Jazeera
Al Jazeera
World

Uranium price hike projected after Niger coup spurs slight rise

uranium Niger Orano Al Jazeera European Union Mining
A man holds a sign that reads, "Do not touch uranium. It's my life," during a 2014 protest in Niamey, Niger [File: Boureima Hama/AFP]

The price of uranium has risen slightly since last week’s military coup in Niger as mining operations have continued in the world’s seventh-largest producer of the radioactive metal, but a consultancy says prices may rise in the coming weeks.

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, market research firm and consultancy UxC said on Tuesday.

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