the oregon group logo

Investment Insights. Stay Ahead.

Uranium processing halted in Niger, as France accused of massing troops for “military intervention”

Uranium ore processing by nuclear fuels company, Orano, in Niger has been halted as international sanctions against a military junta are impacting logistics.

“Given the ongoing closure of Niger’s main supply corridor and diminishing stocks of chemical products, the SOMAÏR site has implemented a gradual reorganization of work by bringing forward its maintenance activities. These measures will mitigate the impact of logistical difficulties and enable production to resume under optimum conditions as soon as the situation permits”

— Orano, Situation update, Sept 8, 2023

Niger is the seventh largest uranium exporter in the world, producing 5% of the world’s uranium, and is especially important for Europe as it represent’s more than 24% of the EU’s uranium imports.

The move comes as the Nigerien military junta has accused France of dispatched troops and equipment to Senegal, Ivory Coast and Benin as “part of preparations for an aggression against Niger”, in collaboration with ECOWAS troops led by Nigeria.

The EU has declared they have three years worth of uranium stockpiles, although uranium analyst John Quakes suggests this inventory includes already converted, enriched and fabricated uranium, as well as reduced stocks from a pivot away from Russia.

Natural Uranium imported France 2022 2048x1198 1 - The Oregon Group - Investment Insights

French nuclear fuel cycle company, Orano, is 90% owned by the French state and runs 3 uranium mines in Niger, Somaïr, Cominak and Imouraren. Only one of the mines is currently in production and Orano has not yet halted operations but, long-term, Imouraren holds of the world’s largest uranium deposits.

Our latest analysis warned that international sanctions were impacting uranium exports from Niger and of possible conflict in the region:

Disclaimer

The Oregon Group maintains full editorial control over all content published on this website. While sponsored and advertised placements may be featured, the content remains the sole opinion of The Oregon Group. The author may receive compensation or remuneration for providing content, but all statements and expressions are made independently and are not influenced by sponsors or advertisers. From time to time, The Oregon Group and its directors, officers, partners, employees, authors, or members of their families, as well as persons who are interviewed for articles on this website, may have a long or short position in securities or commodities mentioned and may make purchases and/or sales of those securities or commodities in the open market or otherwise. By accessing and using this website, readers are cautioned to assume that each of the foregoing persons may have a financial interest in all companies and sectors mentioned on this website. Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable., and any such statements are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.  Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities or commodities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and The Oregon Group undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material. The information provided on this website is for informational purposes only and is not, directly or indirectly, an offer, solicitation of an offer and/or a recommendation to buy or sell any security or commodity, and the information provided on this website should not be construed as any advice or an opinion as to the price at which the securities of any company or commodity may trade at any time. The Oregon Group is a publisher of financial information, not an investment advisor.  We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient, and the information provided on this website is not and should not be construed as personal, financial, investment or professional advice. Readers are cautioned to always do their own research and review of publicly available information and to consult their professional and registered advisors before purchasing or selling any securities or commodities and should not rely on the information contained herein. Neither The Oregon Group nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

Share this article

about the author

Picture of The Oregon Group

The Oregon Group

The Oregon Group is an investment research team focused on critical minerals, mining, energy and geopolitics.

Tags

Subscribe for Investment Insights. Stay Ahead.

Subscribe and get today’s market and industry trends delivered to you in real-time.

SUBSCRIBE FOR INVESTMENT INSIGHTS

Welcome to The Oregon Group, an investment research team focused on critical minerals, mining, energy and geopolitics.

Our independent capital markets experts are sharing their boardroom expertise and institutional experience to help you profit and hedge your investment exposure during this time of unmissable opportunity.

Subscribe and get today’s market and industry trends delivered to you in real-time.