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Oh goodie, a bloody coup in Niger will lift uranium prices!

Niger military coup good for uranium? Financial Post.: February 19, 2010,  by Eric Lam A bloody military coup is “potentially positive” for uranium prices, a note from Edward Sterck with BMO Capital Markets says…..
“Whilst military coups are not new to Niger, a possible risk is that the country’s new leaders might be tempted to interfere with uranium production or place extra demands on producers,” Mr. Sterck said. “Market uncertainty may result in a boost to the spot price of uranium if nervous utilities move to increase inventories.”

Most of the current production is managed by Areva, a French energy company that is in the process of investing 1-billion Euros into a third mine in Niger.

Niger military coup good for uranium? – FP Trading Desk

February 23, 2010 - Posted by Christina Macpherson | general | antinuclear, nuclear, uranium