Monday, July 31, 2023

what is the economic impact of uranium exports on Niger?



The export of uranium has a significant impact on Niger's economy. According to the World Bank, uranium is Niger's second-largest export, after gold. In 2021, Niger exported US$116.74 million worth of uranium or thorium ores and concentrates to France. Uranium mining accounts for around 5% of Niger's GDP and provides employment for thousands of people. However, the economic benefits of uranium mining have not been evenly distributed, and Niger remains one of the poorest countries in the world. According to a report by Oxfam, in 2010, Niger was only paid 13% of the exported value of uranium extracted by French nuclear company Areva's subsidiaries in the country. The report also highlights the lack of access to electricity for the majority of Niger's population. Nevertheless, the uranium industry remains an important source of revenue for Niger, and the government is seeking to negotiate better terms with foreign companies. [1][2][3][4][5][6]

Citations:
[1] Uranium and the Macro-Economy in Niger: An Empirical Investigation - Project MUSE https://muse.jhu.edu/pub/51/article/886106/pdf
[2] A guide: Uranium in Niger : Perspectives - World Nuclear News https://world-nuclear-news.org/Articles/A-guide-Uranium-in-Niger
[3] Niger Exports of uranium or thorium ores and concentrates to France - 2023 Data 2024 Forecast 1997-2021 Historical - Trading Economics https://tradingeconomics.com/niger/exports/france/uranium-thorium-ores-concentrates
[4] Areva in Niger: who is benefiting from the uranium? - Oxfam International https://www.oxfam.org/en/press-releases/areva-niger-who-benefiting-uranium
[5] economic impact of uranium export in niger - time series analysis (1988-2017) https://www.researchgate.net/publication/340491742_ECONOMIC_IMPACT_OF_URANIUM_EXPORT_IN_NIGER_-_TIME_SERIES_ANALYSIS_1988-2017
[6] Uranium production in Niger and major projects - Mining Technology https://www.mining-technology.com/data-insights/uranium-in-niger/

By Perplexity at https://www.perplexity.ai/?s=m&uuid=d938efb0-39e1-44f7-bb21-b5b3350c8ae8

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