Niger, a major player in the global uranium market, has taken a bold step by raising the price of uranium from €0.80/kg to €200/kg, a move that carries profound implications for the country’s economy, international relations, and the global uranium market.
Historically, France has held a dominant position as Niger’s primary uranium buyer and has exerted considerable influence over uranium pricing in the region. Prior to the price increase, France set the rate at €0.80 per kilogram of uranium, significantly lower than the global market value, with uranium from other countries, such as Canada, commanding a similar price of €200/kg.
Who would sign this kind of agreement? The "democratically elected" on which the French are crying and begging to return to power was the one who signed this outrageous deal. How can some one voluntarily sign an agreement to be violated and humiliated in this fashion ? Does the so called "Democratically elected" think about future generation? Mayor of Seraye, the one who nagg and annoy us with his democracy non sense should take a note here. Like Joseph Stalin said, "Those who vote decide nothing, those who count the vote decide every thing" .
Notably, France is said to rely on Niger’s uranium for 20% of its nuclear power, and in 2022 the nation imported 1,440 tonnes of the yellow metal from Niger, which is more than half of the 2,020 tonnes produced by the country last year. Based on a figure of €0.80 per kilogram, the nation is estimated to have paid roughly €1.2 million for the raw material. Under the new pricing, that figure would jump to €288.0 million.
To their credit the military junta who deposed the idiot who signed the deal declared the French ambassador as persona non grata and asked him to leave the country, but the French ambassador refused to leave Niger and today the French president is claiming that the ambassador is held hostage by the junta, They are looking for a reason to interfere militarily and aid their puppet to reclaim his throne and yet again rape the country.
Which brings me to the Ukrainian Russian conflict, Most of the eritrean Snowflakes oppose the Russian president Vladimir Putin just because the Eritrean dictator displayed his support to russia in the UN. And this just proves what his eminence has accused them to be, Low IQ, unable to see beyond their arse, simply useful idiots.
For people who are able to reason with facts and logic, Russias war in Ukraine is 21th century greatest gift to Global south who are fed up with American arrogance. With Russia dismantling the world order which was shaped after the Second World War, we are going to have a new world order on which unipolar world order ceases to exist and multipolar world start to rule.
There is a saying among the nobility,ምሕከሊ ኣይስእንካ....The Russians are creating options for the global south to lean on their shoulders if they are mistreated by American so called exceptionalism.