“We have interest in diversifying our projects as there are some tensions in the East and in Africa,” Maes said at the company’s uranium enrichment plant in central France. “Questions over where uranium will come from in the next decade are pulling prices higher.”
Uranium has soared over the past three years as investors piled into the commodity and governments from China to Europe plan more nuclear power plants, partly to curb carbon emissions. At the same time, production issues in Kazakhstan and a military coup in Niger have impacted uranium output.
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In Niger, where the military junta revoked one of Orano’s mining permits earlier this year, the company’s…
