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EURACTIV expects rising demand for uranium

The war in Ukraine and talks about energy independence are revitalising nuclear energy. This is driving uranium prices up again and supply bottlenecks cannot be ruled out in the long term.

Experts also agree that there is no short-term ‘uranium problem’. Until recently, the mineral was ‘abundant and accessible at low prices’, said Raphaël Danino-Perraud, associate researcher at IFRI, a think tank, in an interview with EURACTIV.

Nevertheless, it is pointed out that demand is increasing in new, unprecedented ways. Major countries are turning to nuclear energy to increase their energy independence. The ‘Fukushima scare’ is over.

After a steady rise in prices in the mid-2000s, reaching an extraordinary one-off peak of $140 per pound in the summer of 2007, uranium prices stagnated in the $50 per pound range. At the beginning of 2011, they rose slightly to 70 $/pound before falling back to an average of 25 $/pound after Fukushima.

But demand is rising again.

The price of uranium has ‘doubled in two years’, Teva Meyer, an expert on nuclear geopolitics, told EURACTIV. In mid-August 2023, it reached 56 dollars per pound. This shows that the market ‘expects uranium demand to grow in the coming years’, the Orano spokesperson added

The International Atomic Energy Agency (IAEA) estimates that the world can use uranium for another 175 years, given the expected resources and average annual uranium production. That is more than coal (132 years) and oil and gas (around 50 years).

The problem, however, lies in the time it takes to exploit a newly found reserve. ‘There can be a time span of 20 to 40 years,’ says Kamin. In the meantime, mining companies have been deterred from investing in the sector by the collapse in market prices.



General constructors wanted

We are looking for general constructors (also as EPC contractors) for the following projects:

  • Zinc processing plant (Bolivia)
  • Gold mining (Brazil)
  • Tube manufacturing plants (big diameter tubes and tubes for housing) (Bolivia)
  • Manufacturer of photovoltaic plants (Bolivia)
  • Dams and hydroelectric power stations (Bolivia)
  • Wind turbines and wind power stations (Bolivia)
  • Building of overhead power transmission lines (Bolivia)
  • General contractors for hospitals (Bolivia)

Please contact

Michael Patotschka
Düsseldorfer Straße 74
47051 Duisburg

Phone +49 173 7692688
Email   mpts@gmx.net


Establishment of companies in Angola

With the new law of August 2015 any investor small or large can start up business activity in Angola without a minimum capital investment and with the advantage of being able to repatriate profits, dividends and capital gains.
Those who are willing to invest at least $ 1m, the new law could grant tax incentives and advantages from a case to case basis.
There are the following constraints: Investors who are willing to put money in one of those following sectors:

  • electricity and water
  • hotel business and tourism
  • transport and logistics
  • civil construction
  • telecommunications
  • information technology and media

must have

  1. a partnership with Angolan citizens or Angolan companies, with the Angolan partner having at least 15 % of the share capital
  2. effective participation of the Angolan partner in the management of the company, clearly stated in the shareholder agreement

The definition of an Angolan company is a company with registered address in Angola and with a minimum of 51 % shareholding belonging to an Angolan citizen.

The company Dusira UG is cooperating with Angolan companies we personally know and will give assistance in establishing companies in Angola.

Phone: +491737692688
E-Mail: mpts@gmx.net


Nigeria will build four nuclear power plants

Nigeria is in talks with Russia’s Rosatom to build as many as four nuclear power plants costing about $ 80bn as Africa’s biggest economy seeks to add 1 200 megawatts of capacity by the end of the decade.

Peak electricity output of Africa’s biggest economy is about 3 800 MW, with a further 1 500 MW unavailable due to gas shortages. South Africa, with a third of Nigeria’s population yet eight times more installed capacity has also signed an agreement with Rosatom as the nation looks to add 9 600 MW of atomic power to its strained grid.

Rosatom would hold a majority, controlling stake in Nigeria’s nuclear facility, while the rest would be owned by the country, with roles to be specified in contracts.

The plants would be financed by Rosatom, which would than build, own, operate and transfer them to the government.

Nigeria, with a population of around 170 million, broke up its monopoly on power generation and distribution by privatizing the sector two years ago, hoping to attract foreign investors.

Source, Business Report International, 15th April 2015, Daily News, 15th April 2015